Listed by Matthews
$995,658
CVS
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 2,834
Net Rentable (SqFt) 2,834
Cap Rate 7.00%
NOI $69,696
Year Built 2011
Retail | 7.00% CAP | 2,834 SqFt
Investment highlights
The subject property is located in a retail corridor with other national retailers such as Walmart, Food Lion, Subway, First Citizens Bank, Dollar General and Bojangles
CVS is the 5th ranked company in the Fortune 500 list
The subject property was recently extended (extension begins in December 1st, 2024)
This property offers a favorable option structure that comes with 10% increases in the next option
This location has a high script count pharmacy *Please reach out to broker for details
Limited Competition – This is the only national brand pharmacy within ±10 miles
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$69,696.00
$5,808.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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