Marcus & Millichap Inc.
01/27/2026 | Press release | Distributed by Public on 01/28/2026 13:17
Marcus & Millichap Brokers $4.8M Sale of 14,840-SF AutoZone in Williamstown, New Jersey
Press Releases
Marcus & Millichap Brokers $4.8M Sale of 14,840-SF AutoZone in Williamstown, New Jersey
January 27, 2026
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WILLIAMSTOWN, N.J., Jan. 27, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $4.8 million sale of a 14,840-square-foot AutoZone in Williamstown, New Jersey.
"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 as a vacant 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 Seth 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 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 single-tenant building was originally constructed in 2005 and underwent a 2025 renovation for AutoZone's occupancy.
"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 as a vacant 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 Seth 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 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 single-tenant building was originally constructed in 2005 and underwent a 2025 renovation for AutoZone's occupancy.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on January 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 28, 2026 at 19:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]