Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $4.8 million sale of a 14,840-square-foot AutoZone in Williamstown.
The property is located at 2099 N. Black Horse Pike on a 2.11-acre parcel near the intersection of Black Horse Pike and Berlin-Cross Keys Road, which sees approximately 28,000 vehicles per day.
“The seller did an excellent job positioning the property for the market by successfully transforming a formerly vacant Rite Aid into an AutoZone hub store,” said Mark Krantz, senior director investments.
“This transaction offered investors a rare opportunity to acquire a newly leased, long-term AutoZone hub location with strong rent growth, institutional-grade credit and exceptional real estate fundamentals along one of South Jersey’s most heavily traveled corridors.”
Krantz, along with Derrick Dougherty, represented the seller, a private investor, in association with Jim McGuckin, Marcus & Millichap’s broker of record in New Jersey.
Krantz and Dougherty also represented the seller in its 2024 acquisition of the property, which was vacant and formerly a Rite Aid. The buyer, a private investor, was procured by Marcus & Millichap’s Seth Goldberg, Alan Cafiero and Brent Hyldahl.
“The buyer was most interested in the property for its superior real estate fundamentals paired with a newly signed lease to AutoZone, a BBB-rated tenant,” said Goldberg, associate director, investments.
“The hard-corner location at one of the busiest intersections in South Jersey provides long-term stability and confidence in the asset’s ability to perform over time.”
The single-tenant building was originally constructed in 2005 and underwent a 2025 renovation for AutoZone’s occupancy.
