CVS NNN Property For
1801 NJ-71 Wall Township, NJ
1801 NJ-71, Wall Township, NJ, 00000
Contact for pricing
For Sale
Contact for pricing
25-year NNN lease with investment-grade tenant CVS.
Property Size13,050 SF
Lot Size1.49 Acres
Price / SF$528.74
Days on Market539
Property Features for 1801 NJ-71
General Information
- Standard status
- Active
- Size
- 13,050 SF
- Lot size
- 1.49 Acres
- Property subtype
- RETAIL
Listing agency
Sandor/Sand Capital | Arizona
(480) 385-1328
Listed by
Matt Sturcken
Source
Moodyscre
Added: Jan 28, 2025 Updated: Jul 6 at 10:01AM Checked: Jul 21 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sandor/Sand Capital | Arizona
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $281.9k | $21.60 |
| − Vacancy | −$15.8k | −$1.21 |
| EGI | $266.1k | $20.39 |
| − OpEx | −$66.5k | −$5.10 |
| NOI | $199.6k | $15.29 |
13,050 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.85M
$2.49M – $3.33M
NOI $199,571 @ 7.0% cap · market cap 2.89%
Second Best
Retail
$2.66M
$2.33M – $3.10M
NOI $186,266 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,533 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- ACME Markets Pharmacy — 2007 NJ-35, Wall Township, NJ 07719
- Walgreens Pharmacy — 2006 NJ-35, Spring Lake, NJ 07762
- Stephanie M. Hubbard, PHARM — 2006 NJ-35, Spring Lake, NJ 07762
- Jeffrey Hill — 2006 NJ-35, Spring Lake, NJ 077622543
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.
