604 Cor Ketch Rd, Newark, DE 19711-2901

This exceptional investment opportunity presents a fee-simple, 13,225-square-foot retail property occupied by a credit-rated CVS Pharmacy in Newark, Delaware. Located at 604 Corner Ketch Rd, 19711, this single-tenant, absolute triple-net (NNN) lease boasts a substantial remaining lease term of 20.2 years, extending to January 31, 2045, with further renewal options. The property offers a compelling 6.21% cap rate and a net operating income (NOI) of $489,756, resulting in an asking price of $7,886,673 ($596.35 per square foot). This zero cash flow structure, coupled with a paydown/re-advance option, minimizes initial equity requirements. The investment is further secured by a fully amortizing loan and the financial strength of an investment-grade guarantor (NYSE: CVS, S&P: BBB). The property requires no landlord responsibilities, making it an ideal low-maintenance, high-return investment. This is a rare opportunity to acquire a stable, long-term income-producing asset with a nationally recognized tenant in a prime location.