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50 Bridge St Tunkhannock, PA 18657

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For Sale
$5,260,000

NNN leased CVS with long-term lease and zero landlord responsibilities.

Property size:
13,225 SF
Lot size:
2.61 Acres

Property Features for 50 Bridge St

General Information

Size
13,225 SF
Lot size
2.61 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 Investment Property For Sale

This property is a triple-net (NNN) leased investment opportunity with absolutely zero landlord responsibilities. The tenant, CVS, is responsible for all maintenance and repair, including the roof and structure. CVS has investment-grade credit and strong financials (CVS Health, S&P: BBB, NYSE: CVS). The property is subject to a long-term lease of approximately 17 years, with 10 five-year extensions. The assumable self-amortizing financing features a below-market fixed 4.163% interest rate. The debt structure requires limited equity investment and can generate passive losses that work to 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 contains 13,225 square feet.
Location Intelligence

Current Use by Public Records

CVS Photo Passport Photo Processor CVS Pharmacy Pharmacy Buy Bitcoin Crypto Atm CDReload Instant Bitcoin Crypto Atm Kelsey Sands Pharmacy

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Chiropractic & Rehab Associates PC, CVS Pharmacy, Weis Pharmacy, Elizabeth Shook, James Feehan

Location Insight

  • Map
  • Local Demand
City
Tunkhannock
County
Wyoming
State
Pennsylvania
Longitude
-75.945847
Latitude
41.539937

FAQs

What type of property is this?
Drug store - NNN leased CVS with long-term lease and zero landlord responsibilities.
Where is this drug store located?
The property is located at 50 Bridge St Tunkhannock, PA.
What is the asking price?
The asking price for this property is $5,260,000.
What are key features of this property?
This property features: - Long-Term Lease: Enjoy stable, long-term income with a \u00b117-year lease, plus 10 five-year extensions.; - Strong Credit Tenant: Benefit from reliable rent payments from CVS, an investment-grade tenant (S&P: BBB; NYSE: CVS).; - Zero Cash Flow Financing: Assumable self-amortizing financing with a below-market fixed 4.163% interest rate.
More about this property
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