Listed by Exclusive Realty
$5,154,304
Dollar Tree Sublease (Dark CVS)
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 13,232
Units 1
Cap Rate 6.75%
NOI $347,915
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 25.1
Lease Expiration 01/31/2036
Remaining Term 9.5
Lease Options 2 (5) Year Options
Price per SqFt $390
Year Built 2009
Buildings 1
Acreage 0.800
Investment Type Core
Tenant Credit Corporate Guarantee
Lease Commencement 12/17/2010
Retail | 6.75% CAP | 13,232 SqFt
Marketing description
Exclusive Realty is pleased to present this 13,232 SF CVS Pharmacy (Dark) that is sub-leased to Dollar Tree and is located in Omaha, NE. The property has a NNN Lease, leaving minimal Landlord Responsibilities. The lease is corporately guaranteed by CVS Caremark Corporation, which holds a credit rating of “BBB+” and this is classified as investment grade. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top pharmacies.
Investment highlights
- NNN Lease/Zero Landlord Responsibilities
- Dollar Tree Sub-Lease (Dark - CVS)
- Lease is Corporately Guaranteed by CVS, the largest pharmacy chain in the U.S | S&P “BBB+"
- Located in Omaha, NE, home to over 480K People
- Over 12 Years Left on the Lease
- Corporately Guaranteed Lease
- Average Income of household over $88,000 within a five mile radius
- Population of over 190,000 within a five mile radius
- Intersection it is located on sees almost 20,000 vehicles per day
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$347,915.00
$28,992.92/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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