Drugstore in New Jersey

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Drugstore in New Jersey

6,400,000 $
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Total area: 1,405 m² Yield: 7.0%
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Features
  • Absolute return: 398,421 €
  • Land area: 7,325 m²
  • 1-floor building
  • Percentage of the rented area: 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 and nearby objects

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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More properties

If this property wasn’t for you, take a look at other supermarkets for sale in USA.

You can see more supermarkets for sale in New Jersey elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
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