Listed by Bang Realty
$1,510,978
CVS - Charleston WV
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 12,000
Cap Rate 13.1%
NOI $197,867
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 25.1
Lease Expiration 01/31/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options (5) Five Year Options
Price per SqFt $126
Broker Co-Op Yes
Year Built 2009
Buildings 1
Stories 1
Acreage 1.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/22/2009
Ownership Leasehold Interest
Leasehold Interest - 100% Accelerated Bonus Depreciation Year 1
Marketing description
Leasehold Interest - 100% Accelerated Bonus Depreciation Year 1
Investment highlights
- Loan Assumption Zero Cash Flow Investment
- Qualifies for Accelerated Bonus Depreciation (**Discuss with Tax Advisor)
- Excellent Visibility with Frontage and Signage Along MacCorkle Ave. SE which has Daily Traffic Counts Exceeding 21,170 Vehicles
- Situated within a Retail Corridor and Surrounded by National Tenants Including Starbucks, McDonald's, Burger King, Wendy's, Taco Bell, and Advance Auto Parts
- Average Household Income Exceeds $108,100 within a 1-Mile Radius of the Property
- CVS Has Over 9,000 Locations Nationwide | NYSE: CVS
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,867.00
$16,488.92/mo
Valuation Metrics
0
DSCR
13.1%
Cap Rate
13.1%
ROI
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