50 Bridge St | Tunkhannock, PA 18657
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50 Bridge St
Tunkhannock, PA 18657
CVS Pharmacy · Retail Property For Sale
Executive Summary
• Triple-Net (NNN): Absolutely zero landlord responsibilities. Tenant responsible for all maintenance and repair, including roof and structure.
• Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS
• Long-Term Lease: ±17-year lease with 10 five-year extensions
• Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 4.163% interest rate.
• Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments.
• Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.
• Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS
• Long-Term Lease: ±17-year lease with 10 five-year extensions
• Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 4.163% interest rate.
• Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments.
• Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
C
Year Built
2014
Price
$5,260,000
Price Per SF
$398
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.63 AC
Zoning
comm
Parking
54 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 22-059.1-401-00-00-00-1 | Improvements Assessment | $289,560 |
| Land Assessment | $31,700 | Total Assessment | $321,260 |
PROPERTY TAXES
Parcel Number
22-059.1-401-00-00-00-1
Land Assessment
$31,700
Improvements Assessment
$289,560
Total Assessment
$321,260
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