Listed by Anthem Advisors
$4,118,267
CVS - Absolute NNN with Assumable Financing
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 11,945
Net Rentable (SqFt) 11,945
Cap Rate 6.00%
NOI $247,096
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 01/30/2034
Year Built 2008
Buildings 1
Investment Type Net Lease
Lease Commencement 06/26/2008
Occupancy Date 06/26/2008
Ownership Fee Simple
Retail | 6.00% CAP | 11,945 SqFt
Marketing description
Anthem Advisors is pleased to offer the opportunity to acquire the fee simple interest in an absolute NNN leased, CVS investment property located in Gun Barrel City, Texas. The tenant has approximately 8.4 years remaining with 10 (5-year) options extension options. The lease is absolute NNN with zero landlord responsibilities making it ideal for a 1031 or passive investor looking to acquire a credit lease in an income tax free state. The property is being offered with attractive debt in place with a below market rate and a 30-year amortization.
Listing Contacts
Listed by Anthem Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,096.00
$20,591.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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