CVS Toms River NJ
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key features
- 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: 19-year lease with 10 five-year extensions
- Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 3.901% 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.
Learn more about Zero Cash Flow: https://vimeo.com/294203894
Property Details
| Property Type | Retail |
| Property Subtype | Freestanding, Single Tenant, Zero Cash Flow |
| Year Built | 2017 |
| Store Number | 10608 |
| Lease Type | NNN |
| Lease Expiration | January 31, 2043 |
| Square Footage | 13,086 |
| Acreage | ± 1.501 |
| Price | $8,900,000 |