CVS Absolute Net Drug
For Sale
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604 Corner Ketch Road, Newark, DE 19711
For-sale CVS absolute net lease asset with 19+ years remaining in the base term.
Property Size13,225 SF
Price / SF$575.89
Days on Market60
Property Features for 604 Corner Ketch Road
General Information
Standard status
Active
Size
13,225 SF
Property subtype
Retail
Building Details
Year Built
2019
Listing Agency:
CP Partners
(415) 274-2715
Listed By:
John Andreini · License #CA 01440360
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 6 at 6:25AM
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 CP Partners
Investment Insights
Based on property information with market context.
This offering is a CVS drug store presented as a “zero cash flow” asset under an absolute net lease structure. The property has 19+ years remaining in the base term, providing a long runway within the current contractual commitment. The site totals 13,225 square feet.
The property is located at 604 Corner Ketch Road in Newark, Delaware. The surrounding area is described as an extremely affluent Philadelphia suburb, with average household incomes of $191,000 within a 1-mile radius.
For buyers seeking a stabilized, long-term, single-tenant retail investment, this CVS asset aligns with an absolute net lease objective and extended base-term remaining. Its drug store configuration can fit investors who prefer credit-anchored everyday retail uses, while the “zero cash flow” framing in the remarks supports an intent to minimize owner-level operating involvement over the near-to-intermediate term.
The property is located at 604 Corner Ketch Road in Newark, Delaware. The surrounding area is described as an extremely affluent Philadelphia suburb, with average household incomes of $191,000 within a 1-mile radius.
For buyers seeking a stabilized, long-term, single-tenant retail investment, this CVS asset aligns with an absolute net lease objective and extended base-term remaining. Its drug store configuration can fit investors who prefer credit-anchored everyday retail uses, while the “zero cash flow” framing in the remarks supports an intent to minimize owner-level operating involvement over the near-to-intermediate term.
Key Highlights
- CVS absolute net lease asset
- 19+ years remaining in the base term of the lease
- Built in 2019
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19711, DE
48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- CVS Pharmacy — 604 Corner Ketch Rd, Newark, DE 19711, United States
- CVS — 604 Corner Ketch Rd, Newark, DE 19711
- Brittany Spencer — 604 Corner Ketch Rd, Newark, DE 197112901
Frequently Asked Questions
What type of property is this?
Drug store - For-sale CVS absolute net lease asset with 19+ years remaining in the base term.
Where is this drug store located?
The property is located at 604 Corner Ketch Road Newark, DE.
What is the asking price?
The asking price for this property is $7,616,110.
What are key features of this property?
This property features: CVS absolute net lease asset; 19+ years remaining in the base term of the lease; Built in 2019
