Listed by JLL - Irvine (Orange County), California, JLL Chicago | Americas Headquarters, JLL - Dallas | Cedar Springs, Texas
$2,510,000
CVS at Caesar's Virginia - Danville, VA
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 11,986
Cap Rate 10.00%
NOI $251,717
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 01/31/2033
Remaining Term 6.7
Price per SqFt $209
Year Built 2007
Acreage 3.710
Lease Commencement 12/20/2007
Ground Lease No
CVS Pharmacy | Danville, VA | Located at Caesar's Virginia | Investment Grade Tenant
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 817 W. Main St., Danville, VA 24541 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with approximately 6.6 years of primary term remaining, featuring two five-year fixed renewal options with zero landlord responsibility.
Investment highlights
- Located at Caesar's Virginia, $750M hotel & casino project
- ±6.6 years of primary lease term remaining
- Absolute NNN lease
- Large 3.71-acre parcel
- Investment grade tenancy (S&P: BBB) with stable outlook
- CVS Corporate lease guarantor, ensuring stable cash flows
- Surrounded by major national retailers
- Hard corner, signalized intersection
Listing Contacts
Listed by JLL - Irvine (Orange County), California, JLL Chicago | Americas Headquarters, JLL - Dallas | Cedar Springs, Texas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$251,717.00
$20,976.42/mo
Valuation Metrics
0
DSCR
10.03%
Cap Rate
10.03%
ROI
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