CVS Pharmacy - Toms River, NJ
$8,900,000
1357 Lakewood Road, Toms River, NJ 08755
For Sale
Retail
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
Documents:
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CVS_Toms_River_NJ_OM_ZCF_Sep2024.pdf
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Location
Gallery
