39820 Hickman Plaza Rd - Drug Store FOR SALE


Bethany Beach, DE 19930
$1,585,915 USD
918-494-2690
39820 Hickman Plaza Rd, Bethany Beach, DE for Sale
$1,585,915 USD
Drug Store - FOR SALE
1/3
null | Request Cap Rate

39820 Hickman Plaza Rd
Bethany Beach, DE 19930


HIGHLIGHTS

  • Zero Cash Flow Structure with Paydown/Readvance Available
  • Strategic Location in Tourist Community
  • Minimal Competition
  • Absolute Net Lease
  • 100% Depreciation Benefits on Leasehold Interest

OVERVIEW

$356,523 Equity Down (29% Over Debt) The Property consists of a one-story, +/-13,300-square-foot CVS Pharmacy situated on +/-1.26 acres and adjacent to the Sea Colony Community which consists of more than 2,200 condominiums, townhomes and private single-family homes. Bethany Beach is a coastal town popular with tourists, and is known for its wide, boardwalk-backed beach and calm waters. The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments. In Association With David Clary, DE Lic #RB-0020373

FOR SALE DETAILS

PRICE

$1,585,915 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy (Zero Cash Flow)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

134-17.00-51.00

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.