505 highway 530 | Whiting, NJ 08759
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- LoopNet Team
505 highway 530
Whiting, NJ 08759
Absolute NNN CVS with 17 Years Remaining · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Long Term Lease – CVS signed a 20-year lease extension in 2018 underscoring their long term commitment to the site
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $268 billion in 2020
- Elderly Surrounding Demographic – Median age within a three-mile radius is 72 years old
- Absolute NNN Lease Structure – Zero landlord responsibilities for operating or capital expenses
- Adjacent to The Pines – Senior living community with over 200 independent residences plus a full continuum of care
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,188 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.83 AC
Zoning
WTB1 - Commercial zoning
AMENITIES
- 24 Hour Access
- Monument Signage
PROPERTY TAXES
| Parcel Number | 19-00096-0000-00004-02 | Improvements Assessment | $1,670,000 |
| Land Assessment | $1,830,000 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
19-00096-0000-00004-02
Land Assessment
$1,830,000
Improvements Assessment
$1,670,000
Total Assessment
$3,500,000
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