Listed by Stream Capital Partners
$2,500,000
CVS
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 10,125
Cap Rate 6.8%
NOI $170,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type NN
Lease Expiration 12/31/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options 2, Five-year
Price per SqFt $247
Year Built 2000
Acreage 1.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 6.80% CAP | 10,125 SqFt
Marketing description
Minimal Landlord Responsibilities: NN lease structure as the landlord is only responsible for roof and structure.
Long-Term Lease: 12 years of remaining term.
Investment highlights
Well Positioned: Situated on N High St, one of the main throughfares in Hillsboro, with a traffic count of 15,000 VPD.
Retail Dense Area: Located nearby to other national tenants such as Walmart Supercenter, Kroger, Lowe’s Home Improvement, Rural King, Tractor Supply Co., and more.
Investment Grade Credit: The lease is guaranteed by CVS Health Corp., rated BBB by Standard and Poor’s.
Strong Sales: The tenant reports extremely high sales at this location.
New Lease Extension: Tenant extended the lease early illustrating a strong commitment to the location.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
0
DSCR
6.8%
Cap Rate
6.8%
ROI
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