Listed by SBA Commercial
$3,258,000
Ferndale CVS
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 17,278
Net Rentable (SqFt) 17,278
Cap Rate 6.75%
NOI $219,932
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 27.5
Lease Expiration 02/20/2032
Remaining Term 6
Rent Bumps No
Lease Options 6
Price per SqFt $189
Broker Co-Op Yes
Class A
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 43,560
Parking Spaces 58 spaces
Parking Per SqFt 3.36
Investment Type Net Lease
Lease Commencement 08/24/2004
Ownership Trust
Retail | 6.75% CAP | 17,278 SqFt
Marketing description
Recently converted and updated CVS located in downtown Ferndale. 6.75% cap with a NNN lease. Lease runs through 2/2032 with tenant holding Six 5 year options to renew.
17,278 sf free standing building on a 1 acre parcel with a drive thru pharmacy.
Investment highlights
CVS purchased the Rite Aid lease out of BK Court
Tenant holds 6 options to extend for up to 3 years with significant rent increase
Low rent site for CVS
Listing Contacts
Listed by SBA Commercial
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,932.00
$18,327.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
