CVS Pharmacy for Sale in Newark, DE
Newark, DE
Key Investment Metrics
Price
$7,616,110
Cap Rate
6.4%
Net Operating Income
$489,716
Building Size
13225 SF
Land Area
3.3 Acres
Remaining Term
19 years
Lease Expiration
01/31/2045
Lease Term
25.3 years
Lease Commencement
10/17/2019
Lease Type
Absolute NNN
Year Built
2019
Occupancy
100%
Tenancy
Single
Property overview
CVS Pharmacy in Newark
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 13,225 SF
- Land area
- 3.3 acres
- Year built
- 2019
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2045
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.