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CVS Pharmacy 1357 Route 9
13,086 SF Retail Building Toms River, NJ 08755 For Sale
Executive Summary
Long-Term Leases: Newer 25-year leases
Absolute NNN: Absolutely no landlord responsibilities
Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 3.901% interest rate
Perfect 1031 Exchange Asset: The ZCF structure and paydown readvance allow for the perfect 1031 up-leg as it allows owners to withdraw equity and sit on the sidelines rather than acquiring other assets with aggressive cap rates.
Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.
Also available as a Free-and-Clear Investment — contact us for more information.
Data Room Click Here to Access
Property Facts
Amenities
- Freeway Visibility
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
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- Retailer
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99,999 SF
- -
-
Jan 0000
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 End | ||
|
|
Retailer | 99,999 SF | - | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 08-00410-04-00038-01 | Improvements Assessment | £2,038,305 |
| Land Assessment | £1,580,020 | Total Assessment | £3,618,325 |
PROPERTY TAXES
-
Matt Sturcken -
Sandor Development Company
Presented by
CVS Pharmacy | 1357 Route 9
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