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Drugstore in New Jersey with a 7% yield

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Drugstore in New Jersey with a 7% yield

6,004,000 €
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Total area: 1,405 m² Yield: 7.0%
  • Absolute return: 398,421 €
  • Land area: 7,325 m²
  • 1-floor building
  • Renter: 100%

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.

Financial performance

Absolute income is 447,664 $.

The current yield of 7%.

Tenants

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.

Location

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 $.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in New Jersey
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