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CVS Pharmacy - Toms River, NJ

$8,900,000

1357 Lakewood Road, Toms River, NJ 08755

Active
Last Updated: 08/27/2024

13,086 sqft

Building Size

1.501 sqft

Lot Area

Details:
Building Size:    13,086 sqft
Lot Area:    1.501 sqft
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2017
Tenancy:    Single
Lease Expire Year:    1/31/2043
Highlights:
  • 3.901% loan that fully amortizes prior to the expiration of the lease and contains pay-down/re-advance feature, allowing an investor to meet a larger exchange requirement and purchase the asset for limited equity
  • Highly leveraged in-place assumable financing—great for debt replacement in a 1031 exchange
  • 25-year original lease term with approximately 18 years remaining
  • Lease type: Absolute Net -- zero landlord responsibilities
Map:
Documents:
Title
CVS_Toms_River_NJ_OM_ZCF_Sep2024.pdf
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Location
Gallery