604 Corner Ketch Rd - Drug Store FOR SALE


Newark, DE 19711
$7,886,673 USD
800-775-3350
604 Corner Ketch Rd, Newark, DE for Sale
$7,886,673 USD
Drug Store - FOR SALE
1/16
null | Request Cap Rate

604 Corner Ketch Rd
Newark, DE 19711


HIGHLIGHTS

  • "• Zero Cash Flow Structure with Paydown/Re-advance
  • • Single Tenant Absolute Triple Net Lease (No Landlord Responsibilities)
  • • 20.5 Years Remaining with 10 x 5-Year Renewal Options
  • Low Equity Requirement with Fully Amortizing Loan

OVERVIEW

Thomas Company is pleased to offer for sale a Zero Cash Flow CVS store located in Newark, DE. This Fee Simple property totals 13,225 square feet of retail space with 20.5 years of term remaining. This property is offered with a zero cash flow structure and paydown re-advance available, with an absolute triple-net lease and no landlord responsibilities. • Zero Cash Flow Structure with Paydown/Re-advance • Single Tenant Absolute Triple Net Lease (No Landlord Responsibilities) • 20.5 Years Remaining with 10 x 5-Year Renewal Options • Low Equity Requirement with Fully Amortizing Loan • Investment Grade Guarantor (NYSE: CVS, S&P: BBB)

FOR SALE DETAILS

PRICE

$7,886,673 USD

PRICE/SF

$596 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

CR, Mill Creek 100

APN/PARCEL ID

08-029.00-011,08-035.00-014

ASK ABOUT THIS PROPERTY

Jeffrey ThomasThomas CompanyMore Info
800-775-3350

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Jeffrey ThomasThomas CompanyMore Info
800-775-3350

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