Listed by Northmarq Capital, LLC, Northmarq - Tulsa
$1,585,915
CVS Pharmacy (Zero Cash Flow)
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,300
Net Rentable (SqFt) 13,300
Units 1
Cap Rate 14.65%
NOI $232,385
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 10/31/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options 5, 5-Year
Price per SqFt $119
Year Built 2010
Buildings 1
Stories 1
Acreage 1.260
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease Yes
Ownership Leasehold
$356K Equity Down | No Landlord Responsibilities
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Bethany Beach, Delaware. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord.
The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments.
Investment highlights
Zero Cash Flow Structure with Paydown/Readvance
Dominant Retail Pharmacy Brand
Investment Grade Guaranty
Tourist Community Location with Affluent Demographics
Minimal Competition
Absolute Net Lease
100% Depreciation Benefits on Leasehold Interest
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq - Tulsa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$232,385.00
$19,365.42/mo
Valuation Metrics
0
DSCR
14.65%
Cap Rate
14.65%
ROI
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