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CHERRY HILL, N.J. — Marcus & Millichap has brokered the sale of a 13,965-square-foot Walgreens located in Cherry Hill. The property, which is located at the corner of North Kings Highway and Chapel Avenue, traded for $6.7 million at a 7.3 percent cap rate. Walgreens occupies the freestanding building on a 25-year absolute net lease that commenced in August. Brad Nathanson of Marcus & Millichap's Philadelphia office represented the seller, a Pennsylvania-based limited liability company. Alan Fruitman of 1031 Exchange Services represented the buyer, a Connecticut-based limited liability company completing a 1031 exchange.