CVS Pharmacy Leasehold (ZCF) | 1225 3rd St
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CVS Pharmacy Leasehold (ZCF) 1225 3rd St
9,707 SF Retail Building Whitehall, PA 18052 $3,961,315 ($408/SF)
Investment Highlights
- Investment Grade Guaranty (S&P: BBB) with Absolute Net Lease
- Fast-Growing Region & Dense Retail Corridor
- Zero Cash Flow Structure
- No Rent Holiday
- Attractive Demographics
- 100% Deprecation Benefits
Executive Summary
Equity Requirement: $632,479 (19% Over Debt)
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Whitehall, Pennsylvania with in-place, fully assumable zero cash flow financing (the “Property”). CVS Pharmacy is operating under a 20-year base lease term that expires on January 31, 2040, with two 5-year fixed rate renewal options, and four 5-year FMV renewal options. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord.
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Whitehall, Pennsylvania with in-place, fully assumable zero cash flow financing (the “Property”). CVS Pharmacy is operating under a 20-year base lease term that expires on January 31, 2040, with two 5-year fixed rate renewal options, and four 5-year FMV renewal options. The absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,707 SF
Building Class
B
Year Built
2019
Price
$3,961,315
Price Per SF
$408
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.46 AC
Zoning
C-1 - Commercial
Parking
44 Spaces (4.53 Spaces per 1,000 SF Leased)
Frontage
189 FT on 3rd Street
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 640804391524-1 | Improvements Assessment | $1,179,100 |
| Land Assessment | $470,400 | Total Assessment | $1,649,500 |
PROPERTY TAXES
Parcel Number
640804391524-1
Land Assessment
$470,400
Improvements Assessment
$1,179,100
Total Assessment
$1,649,500
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CVS Pharmacy Leasehold (ZCF) | 1225 3rd St
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