It is a 24-hour single-storey pharmacy investment in New Jersey. Description
The total floor area is 1,207 m².
The plot of 5,828 m².
The property is in an excellent overall condition, repair is not required.
The drugstore is fully leased out to a major tenant.
Absolute income is 430,000 $.
The current yield of 5,8%.
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 10x5 years.
All operating costs are borne by the tenant.
The property is located in the main retail street near the interstate road with daily traffic of more than 170,000 vechiles.
There is a huge multi-family residential complex, gas station, university, town hall and medical center in the immediate vicinity of the area.
The district around the pharmacy is densely populated, there are more than 225,000 people in 5 km radius. The purchasing power of 79,000 $.