Listed by RE/MAX Heritage
$1,200,000
CVS - Lexington
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 2,195
Net Rentable (SqFt) 2,195
Cap Rate 8.75%
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Remaining Term 6
Broker Co-Op Yes
Year Built 1900
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition For sale by owner
National Tenant --Corporate Guaranty--8.08% CAP
Marketing description
This offering presents a rare opportunity to acquire a building with a national tenant with a corporate guaranty. It also offers 5% increases each renewal period. It is NNN lease with 5 years remaining on current lease and next rent increase is June 2031.
Located in center of town offering steady daily traffic.
Listing Contacts
Listed by RE/MAX Heritage
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