Listed by Highcap Group
$26,695,000
NY / NJ / PA NNN Portfolio Sale
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,000
Cap Rate 6.60%
NOI $1,404,810
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 14.5
Lease Options yes
Price per SqFt $1,907
Broker Co-Op Yes
Buildings 1
Investment Type Net Lease
NNN Retail WITH 6.4% CASH RETURN
Marketing description
CONTACT FOR OFFERING MEMO:
Josh at [email protected] or 646-546-5880
NNN Portfolio of 3 Properties in NY , NJ. and PA
2 Walgreens and 1 CVS - seller prefers package deal but may separate
All have long leases in high traffic locations
Low rate assumable financing
NOI: $1,404,810
Asking: $26,695,000 or $9.195 million cash over mortgage
6.6% Cash on Cash
Return and 8.9% Return in year 1
Investment highlights
Investment Grade 1031 Exchange Properties
Assumable low rate financing available
5.6% Cash on Cash return (7.6% return year 1)
Listing Contacts
Listed by Highcap Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,404,810.00
$117,067.50/mo
Valuation Metrics
0
DSCR
5.26%
Cap Rate
5.26%
ROI
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