734 E Washington St - Freestanding FOR SALE


New Castle, PA 16101
$3,333,333 USD
646-841-0637
734 E Washington St, New Castle, PA for Sale
$3,333,333 USD
Freestanding - FOR SALE
1/2
null | 6.3% Cap Rate

734 E Washington St
New Castle, PA 16101


HIGHLIGHTS

  • Investment Grade Credit Tenant
  • Longstanding History and Recent Renewal
  • Low Rent-to-Sales Ratio
  • Established Regional Hub
  • Long Remaining Lease Term

OVERVIEW

The Property is 100% occupied by CVS Health Corporation and is subject to a NN lease with limited landlord responsibilities. There are 9 years remaining on the base lease term with 4, 5-year renewal option periods and 7% rent increases at the beginning of each option period. Situated at the intersection of Taylor Street and 65th Infantry Division Memorial Hwy, the location is ideal given its visibility and ease of access. Approximately two miles from the Property is UPMC Jameson, a full-service community hospital providing comprehensive inpatient, outpatient, and emergency care. The Property features a low rent-to-sales ratio of 1.51%.

FOR SALE DETAILS

PRICE

$3,333,333 USD

PRICE/SF

$362 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

R-2

APN/PARCEL ID

04-128500

ASK ABOUT THIS PROPERTY

John RotunnoNorthmarqMore Info
646-841-0637

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John RotunnoNorthmarqMore Info
646-841-0637

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