Drugstore in New Jersey with a 7 % yield

Code
13649
City
Listing For
Sale
Property Type
Villa / House
Property Status
New Build
Price
 5,616,294 EUR  

Location

New Jersey

Description

Code:1511929

It is a freestanding single-storey drugstore investment in New Jersey.

Description

The total floor area is 1 405 m².


The plot of 7 325 m².


The property is in an excellent overall condition, repair is not required.

The drugstore is fully leased out to a major tenant.



Absolute income is 447 664 $.

The current yield of 7 %.



The anchor tenant is one of the major US drugstore chains.

The company operates about 8 000 drugstores in 50 states, offering a wide range of medical products.


NNN lease contract was signed for 25 years with extension options for 8x5 years.


All operating costs are borne by the tenant.



The drugstore is located at the intersection, the daily traffic exceeds 36 000 vechiles.

There is a huge multi-family residential complex in the immediate vicinity of the area.


The district around the drugstore is densely populated, there are more than 200 000 people in 10 km radius. The purchasing power of 86 000 $.

Enquiry about this property

Do you have any question?

Reviews