604 Corner Ketch Rd - Drug Store FOR SALE
Newark, DE 19711 |
$8,028,759 USD
650-678-7200
604 Corner Ketch Rd
Newark, DE 19711
HIGHLIGHTS
- 19+ years remaining on absolute net lease
- Zero cash flow lease structure (see Page 5)
- Corporate guaranty from CVS Health Corporation (see below)
- 2019 build-to-suit construction at signalized hard corner
- Heavily trafficked intersection – 27,000+ VPD
- Extremely affluent residential submarket – $191,000 average household incomes within a 1-mile radius of the subject property
FOR SALE DETAILS
PRICE
$8,028,759 USD
PRICE/SF
$607 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS Zero Cash Flow
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
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
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650-678-7200
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650-678-7200
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