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CVS Pharmacy (Leasehold) 39820 Hickman Plaza Rd 13,300 SF Retail Building Bethany Beach, DE 19930 $3,170,684 CAD ($238.40 CAD/SF) 10% Cap Rate
Investment Highlights
- Dominant Retail Pharmacy Brand with Investment Grade Guaranty
- Minimal Competition
- 100% Depreciation Benefits
- Strategic Location in Tourist Community
- Absolute Net Lease
Executive Summary
The Property consists of a one-story, +/-13,300-square-foot CVS Pharmacy situated on +/-1.26 acres and adjacent to the Sea Colony Community which consists of more than 2,200 condominiums, townhomes and private single-family homes. Bethany Beach is a coastal town popular with tourists, and is known for its wide, boardwalk-backed beach and calm waters.
In Association With David Clary, DE Lic #RB-0020373
In Association With David Clary, DE Lic #RB-0020373
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,300 SF
Building Class
C
Year Built
2010
Price
$3,170,684 CAD
Price Per SF
$238.40 CAD
Cap Rate
10%
NOI
$317,068 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.26 AC
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Oct 2035
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Oct 2035 |
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 134-17.00-51.00 | Improvements Assessment | $263,679 CAD |
| Land Assessment | $34,093 CAD | Total Assessment | $297,773 CAD |
Property Taxes
Parcel Number
134-17.00-51.00
Land Assessment
$34,093 CAD
Improvements Assessment
$263,679 CAD
Total Assessment
$297,773 CAD
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CVS Pharmacy (Leasehold) | 39820 Hickman Plaza Rd
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