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CVS Zero Cash Flow

$7,402,722

604 Corner Ketch Road, Newark, DE 19711

Active
Last Updated: 09/11/2026

6.62

Cap Rate

13,225 sqft

Building Size

Details:
Cap Rate:    6.62%
Building Size:    13,225 sqft
Lot Area:    3.3 acres
Lease Type:    Absolute Net
Year Built:    2019
Tenancy:    Single
Parking Spots:    53
Highlights:
  • 19+ years remaining on absolute net lease
  • Zero cash flow lease structure (see Page 5)
  • Corporate guaranty from CVS Health Corporation (see below)
  • 2019 build-to-suit construction at signalized hard corner
  • Heavily trafficked intersection – 27,000+ VPD
  • Investment grade credit rating – S&P: BBB+
  • Extremely affluent residential submarket – $191,000 average household incomes within a 1-mile radius of the subject property
Description:

A CVS Zero Cash Flow asset with 19+ years remaining in the base term of an absolute net lease. Subject property is located in Newark – an extremely affluent Philadelphia suburb boasting average household incomes of $191,000 within a 1-mile radius.

IN CONJUNCTION WITH DE LICENSED BROKER:
BILL GANC
Ganc Commercial Realty, LLC
bill@ganccommercialrealty.com
Lic #0020282

Map:
Documents:
Title
CVS_ZCF_NewarkDE.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
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