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CVS Pharmacy (Leasehold) 39820 Hickman Plaza Rd 13,300 SF Retail Building Bethany Beach, DE 19930 $3,242,236 CAD ($243.78 CAD/SF) 10% Cap Rate

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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

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,300 SF
Building Class
C
Year Built
2010
Price
$3,242,236 CAD
Price Per SF
$243.78 CAD
Cap Rate
10%
NOI
$324,224 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 Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net Oct 2035
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

PNC Bank
Five Guys

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
134-17.00-51.00
Land Assessment
$35,056 CAD
Improvements Assessment
$271,123 CAD
Total Assessment
$306,179 CAD
  • Listing ID: 37771241

  • Date on Market: 2025-09-22

  • Last Updated:

  • Address: 39820 Hickman Plaza Rd, Bethany Beach, DE 19930

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