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CVS Pharmacy (Zero Cash Flow) 39820 Hickman Plaza Rd 13,300 SF Retail Building Bethany Beach, DE 19930 $1,585,915 ($119.24/SF)
Investment Highlights
- Zero Cash Flow Structure with Paydown/Readvance Available
- Minimal Competition
- 100% Depreciation Benefits on Leasehold Interest
- Strategic Location in Tourist Community
- Absolute Net Lease
Executive Summary
$356,523 Equity Down (29% Over Debt)
The Property consists of a one-story, +/-13,300-square-foot CVS Pharmacy situated on +/-1.26 acres and adjacent to the Sea Colony Community which consists of more than 2,200 condominiums, townhomes and private single-family homes. Bethany Beach is a coastal town popular with tourists, and is known for its wide, boardwalk-backed beach and calm waters.
The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments.
In Association With David Clary, DE Lic #RB-0020373
The Property consists of a one-story, +/-13,300-square-foot CVS Pharmacy situated on +/-1.26 acres and adjacent to the Sea Colony Community which consists of more than 2,200 condominiums, townhomes and private single-family homes. Bethany Beach is a coastal town popular with tourists, and is known for its wide, boardwalk-backed beach and calm waters.
The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments.
In Association With David Clary, DE Lic #RB-0020373
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,300 SF
Building Class
C
Year Built
2010
Price
$1,585,915
Price Per SF
$119.24
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.26 AC
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 134-17.00-51.00 | Improvements Assessment | $193,350 |
| Land Assessment | $25,000 | Total Assessment | $218,350 |
Property Taxes
Parcel Number
134-17.00-51.00
Land Assessment
$25,000
Improvements Assessment
$193,350
Total Assessment
$218,350
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CVS Pharmacy (Zero Cash Flow) | 39820 Hickman Plaza Rd
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