255 US Highway 46 | Budd Lake, NJ 07828
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255 US Highway 46
Budd Lake, NJ 07828
Retail Property For Sale
Investment Highlights
- Investment Grade Tenant
- Long Remaining Lease Term
- Drive-Thru Pharmacy
- Absolute NNN Expense Structure
- Densely Populated, Affluent Area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
1.77 AC
Zoning
C-1
Amenities
- Drive Thru
About 255 US Highway 46 , Budd Lake, NJ 07828
Stan Johnson Company is pleased to exclusively offer for sale the ground lease asset located at 255 US-46 in Budd Lake, NJ (the “Property”). The income stream is guaranteed by CVS Health Corporation (NYSE: CVS) under an absolute net lease. This passive investment boasts seventeen (+/-17) years remaining in the primary term, and 10% rental increases at each of the eight (8), five (5) year renewal options.
PROPERTY TAXES
| Parcel Number | 27-03700-0000-00004 | Improvements Assessment | $1,846,200 |
| Land Assessment | $1,703,800 | Total Assessment | $3,550,000 |
PROPERTY TAXES
Parcel Number
27-03700-0000-00004
Land Assessment
$1,703,800
Improvements Assessment
$1,846,200
Total Assessment
$3,550,000
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