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Drug Store

CVS Pharmacy

1005 Delaware Ave, Wilmington, DE 19806

Listing Price: $18,072,514

Cap Rate
5.25%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
14,536
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.27

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in downtown Wilmington, Delaware. The property consists of roughly 14,536 rentable square feet of building space on an estimated 1.65 acre parcel of land. CVS Pharmacy benefits from its location in downtown Wilmington as the surrounding one-mile radius includes over 36,000 residents. As you can see from the aerial photographs on the following pages, this is a dense urban infill location with extremely high barriers to entry as the city is very developed. There are dozens of large apartment buildings that bring thousands of customers within walking distance of the property.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 13 Years of Term Remaining
  • Urban Infill Location | CVS is Unlikely to Relocate Due to the Extremely High Barriers to Entry
  • Investment Grade Credit: CVS Corporate (S&P: BBB)
  • Oversized 1.65 Acre Lot in Downtown Wilmington
  • Over 36,000 People Reside Within One Mile of the Property

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s) DE: RB-0002461

    Delaware

Financing By

Listing Price: $18,072,514

Cap Rate
5.25%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
14,536
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$65.27

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 13 Years of Term Remaining
  • Urban Infill Location | CVS is Unlikely to Relocate Due to the Extremely High Barriers to Entry
  • Investment Grade Credit: CVS Corporate (S&P: BBB)
  • Oversized 1.65 Acre Lot in Downtown Wilmington
  • Over 36,000 People Reside Within One Mile of the Property

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in downtown Wilmington, Delaware. The property consists of roughly 14,536 rentable square feet of building space on an estimated 1.65 acre parcel of land. CVS Pharmacy benefits from its location in downtown Wilmington as the surrounding one-mile radius includes over 36,000 residents. As you can see from the aerial photographs on the following pages, this is a dense urban infill location with extremely high barriers to entry as the city is very developed. There are dozens of large apartment buildings that bring thousands of customers within walking distance of the property.

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s): DE: RB-0002461

    Delaware

Financing By

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