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CVS Zero Cash Flow 604 Corner Ketch Rd 13,225 SF Retail Building Newark, DE 19711 $10,922,869 CAD ($825.93 CAD/SF)
INVESTMENT HIGHLIGHTS
- 19+ years remaining on absolute net lease
- Corporate guaranty from CVS Health Corporation (see below)
- Heavily trafficked intersection – 27,000+ VPD
- Zero cash flow lease structure
- 2019 build-to-suit construction at signalized hard corner
- Extremely affluent residential submarket – $191,000 average household incomes within a 1-mile radius of the subject property
EXECUTIVE SUMMARY
A CVS Zero Cash Flow asset with 19+ years remaining in the base term of an absolute net lease. Subject property is located in Newark – an extremely affluent Philadelphia suburb boasting average household incomes of $191,000 within a 1-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,225 SF
Building Class
C
Year Built
2019
Price
$10,922,869 CAD
Price Per SF
$825.93 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.30 AC
Zoning
CR, Mill Creek 100
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $760,497 CAD | |
| Land Assessment | $67,842 CAD | Total Assessment | $828,339 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$67,842 CAD
Improvements Assessment
$760,497 CAD
Total Assessment
$828,339 CAD
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CVS Zero Cash Flow | 604 Corner Ketch Rd
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