CVS Pharmacy (Zero Cash Flow)
Leasehold Interest | Absolute NNN
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest in a single-tenant CVS Pharmacy location in Taunton, Massachusetts (the “Property”). CVS Pharmacy is operating under a 25-year base lease term that expires on October 30, 2035, with two fixed rate renewal options totaling 8 years, and four 5-year FMV renewal options.
The Property features non-recourse, zero cash flow structured financing that is readily assumable. The structure is ideal for tax-deferred 1031/1033 exchange buyers or non-exchange buyers seeking passive losses that may be used to offset income from other real estate investments.
Investment highlights
Zero Cash Flow Structure with Paydown/Readvance
Dominant Retail Pharmacy Brand
Investment Grade Guaranty
Strategic Location with Strong Demographics
Absolute Net Lease
100% Depreciation Benefits
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