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1801 Nj-71 Wall Township, NJ

For Sale
$6,900,000

25-year NNN lease with investment-grade tenant CVS.

Property size:
13,050 SF
Lot size:
1.49 Acres

Property Features for 1801 Nj-71

General Information

Size
13,050 SF
Lot size
1.49 Acres

Source: Sandor/Sand Capital | Arizona Agent Matt Sturcken

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

CVS NNN Property For Sale

This property features a triple-net (NNN) lease structure, offering zero landlord responsibilities, with the tenant responsible for all maintenance and repairs, including the roof and structure. The property is leased to CVS, a strong credit tenant with investment-grade credit and strong financials (CVS Health, S&P: BBB, NYSE: CVS). The lease term is 25 years, with 10 five-year extension options. The property benefits from assumable self-amortizing financing with a below-market fixed 3.901% interest rate. The debt structure requires limited equity investment and can generate passive losses that offset taxable income from other investments. The 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. The property size is 13,050 square feet and is located in Wall Township, NJ.
Location Intelligence

Current Use by Public Records

Drug stores

Similar Places Nearby

CVS, ShopRite Pharmacy of Belmar, CVS Pharmacy, power nutrition spot, ShopRite Pharmacy of Rt. 35 & 18th Avenue

Map

City
Wall Township
County
Monmouth
State
New Jersey
Longitude
-74.0682073
Latitude
40.1608277

FAQs

What type of property is this?
Drug store - 25-year NNN lease with investment-grade tenant CVS.
Where is this drug store located?
The property is located at 1801 Nj-71 Wall Township, NJ.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: - Long-Term Lease: Enjoy stable income with a 25-year lease and 10 five-year extensions.; - Strong Credit Tenant: Reliable rent payments from CVS, an investment-grade tenant (S&P: BBB; NYSE: CVS).; - Zero Cash Flow Financing: Benefit from assumable self-amortizing financing with a below-market fixed 3.901% interest rate.
More about this property
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