Listed by Encore Real Estate Investment Services
$4,497,182
CVS
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 12,701
Cap Rate 5.75%
NOI $258,588
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options (4) 5 Year Renewals
Price per SqFt $354
Year Built 2004
Buildings 1
Stories 1
Acreage 1.500
Zoning C1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2021
Ownership Fee Simple
Prime Location on Major Corridor with Excellent Traffic & Visibility
Investment highlights
NNN Lease with Zero Landlord Responsibilities and Over 5 Years Remaining in the Term
Long Term Occupancy of 20+ Years
Positioned Along NW US Highway 441/M L King Blvd Which Has Daily Traffic Counts of Over 22,500 Vehicles
Situated Near the Signalized Intersection of NW 140th St and NW US Highway 441/M L King Blvd
Easily Accessible with Multiple Points of Ingress/Egress and Ample Parking Spaces
Located within a Retail Corridor and Surrounded by National Retailers Including Lowe's, Taco Bell, Popeye's, Dollar Tree, Subway, AutoZone, and AT&T
Corporate Guarantee | NYSE: CVS | CVS Has Over 9,000 Locations Nationwide
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$258,588.00
$21,549.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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