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CVS Pharmacy 50 Bridge St 13,225 SF Retail Building Tunkhannock, PA 18657 $5,260,000 ($397.73/SF)
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.
Data Room Click Here to Access
- Offering Memorandum
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
$397.73
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
Nearby Major Retailers
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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CVS Pharmacy | 50 Bridge St
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