604 Corner Ketch Rd | Newark, DE 19711
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604 Corner Ketch Rd
Newark, DE 19711
CVS · Retail Property For Sale
Investment Highlights
- "• Zero Cash Flow Structure with Paydown/Re-advance
- • 20.5 Years Remaining with 10 x 5-Year Renewal Options
- • Single Tenant Absolute Triple Net Lease (No Landlord Responsibilities)
- Low Equity Requirement with Fully Amortizing Loan
Executive Summary
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)
• 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)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
C
Year Built
2019
Price
$11,078,252 CAD
Price Per SF
$838 CAD
Cap Rate
6.21%
NOI
$687,950 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
3.30 AC
Zoning
CR, Mill Creek 100
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