Listed by Bang Realty
$1,585,963
CVS - Fayetteville WV
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 13,155
Cap Rate 11.27%
NOI $178,761
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 25.1
Lease Expiration 10/30/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options Ten (10), 5-Year Options
Price per SqFt $121
Broker Co-Op Yes
Year Built 2010
Buildings 1
Stories 1
Acreage 1.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/13/2010
Ground Lease No
Ownership Leasehold Interest
Leasehold Interest - 100% Accelerated Bonus Depreciation Year 1
Marketing description
Leasehold Interest – Absolute NNN Rent Holiday Investment
Investment highlights
- Zero Cashflow Loan Assumption
- Qualifies for Accelerated Bonus Depreciation (**Discuss w/ Tax Processional)
- Excellent Site Visibility with 21,000+ Vehicles Per Day.
- Located in Major Thoroughfare between Charleston and Beckley as the Main Shopping Destination in the Region
- Low Rent Paying $13.55
- Positioned Along U.S. Highway 19 which has Daily Traffic Counts Exceeding 21,200 Vehicles
- Situated Directly Across from a Walmart-Anchored Retail Center and Surrounded by National Tenants Including Lowe's, Starbucks, McDonald's, Subway, Dollar Tree, Wendy's, KFC, Arby's, Five Below and Many More
- CVS Has Over 9,000 Locations Nationwide | NYSE: CVS
- Average Household Income Exceeds $71,650 within a 1-Mile Radius of the Property
Listing Contacts
Listed by Bang Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$178,761.00
$14,896.75/mo
Valuation Metrics
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DSCR
11.27%
Cap Rate
11.27%
ROI
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