255 US Highway 46 | Budd Lake, NJ 07828
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255 US Highway 46
Budd Lake, NJ 07828
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant
- Long Remaining Lease Term
- Drive-Thru Pharmacy
- Absolute NNN Expense Structure
- Densely Populated, Affluent Area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.77 AC
Zoning
C-1
AMENITIES
- Drive Thru
ABOUT 255 US HIGHWAY 46 , BUDD LAKE, NJ 07828
Stan Johnson Company is pleased to exclusively offer for sale the ground lease asset located at 255 US-46 in Budd Lake, NJ (the “Property”). The income stream is guaranteed by CVS Health Corporation (NYSE: CVS) under an absolute net lease. This passive investment boasts seventeen (+/-17) years remaining in the primary term, and 10% rental increases at each of the eight (8), five (5) year renewal options.
PROPERTY TAXES
| Parcel Number | 27-03700-0000-00004 | Improvements Assessment | $2,526,506 |
| Land Assessment | $2,331,633 | Total Assessment | $4,858,139 |
PROPERTY TAXES
Parcel Number
27-03700-0000-00004
Land Assessment
$2,331,633
Improvements Assessment
$2,526,506
Total Assessment
$4,858,139
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