Description

604 Corner Ketch Road is a single-tenant CVS pharmacy property for sale in Newark, DE. The 13,225 SF retail building gives investors an asset with an identified pharmacy tenant, while its 3.3 acres and 53 parking spaces define the property’s physical scale.

Built in 2019, the building offers 13,225 SF of gross leasable area under one tenant. That format gives a buyer a straightforward property-level operating picture rather than a collection of storefronts with separate leasing decisions. The 53 parking spaces serve customers arriving by car, an important practical feature for a pharmacy visit. The 3.3-acre site also gives the building and its parking a substantial physical footprint. Together, the single-tenant layout, site size, and parking make this a retail investment whose day-to-day function is easy to understand.

The asking price is $7,402,722, with a 6.62% cap rate. Those figures put the income measure alongside the purchase price for investors comparing single-tenant retail acquisitions. The lease type is Absolute Net, a material part of the investment structure for a buyer focused on how property obligations are allocated. CVS occupancy, a 2019 build date, and the site’s parking provision give this offering a defined tenant and physical profile. For a buyer seeking a pharmacy property in Newark, 604 Corner Ketch Road presents a specific purchase opportunity with its price and cap rate established.