Listed by RE/MAX Heritage
$1,400,000
CVS - Fulton
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 5,079
Cap Rate 7.85%
NOI $110,000
Lease Type NNN
Lease Expiration 01/30/2031
Remaining Term 5
Lease Options Three (3) Additional 5- Year Options
Price per SqFt $348
Year Built 1957
Acreage 0.200
Ground Lease No
Sale Condition For sale by owner
Long term national tenant with corporate guaranty
Marketing description
This offering presents the opportunity to acquire a single-tenant CVS Pharmacy investment property located at 600 Court Street in Fulton, Missouri. The property is leased to CVS Pharmacy, a subsidiary of CVS Health Corporation, one of the largest healthcare companies in the United States.
The asset is secured by a corporate triple-net (NNN) lease, providing stable income while minimizing landlord responsibilities. CVS recently extended its commitment to the location, demonstrating continued confidence in the site and the surrounding market
The property is offered at $1,770,000, representing a 6.20% capitalization rate. With approximately five years remaining on the current lease term, this investment offers dependable income today with potential long-term stability through multiple renewal options.
Investment highlights
- Corporate CVS Pharmacy Tenant
- The property is leased to CVS Pharmacy, a subsidiary of CVS Health Corporation, one of the largest healthcare companies in the United States with approximately $195 billion in annual revenue and thousands of locations nationwide.
- Triple-Net (NNN) Lease Structure
- The lease structure requires the tenant to be responsible for property taxes, insurance, utilities, and general maintenance, minimizing landlord operational responsibilities.
- Established Tenant Location
- CVS has demonstrated continued commitment to this location as part of its national pharmacy network serving the Fulton community.
- Essential Retail Category
- Pharmacy and healthcare services are considered necessity-based retail, helping support consistent customer demand and long-term tenant stability.
- Regional Access and Connectivity
- Fulton is strategically located approximately 30 miles east of Columbia, Missouri, and 25 miles north of Jefferson City, providing access to major regional employment centers.
- Nearby Economic Drivers
- The property benefits from proximity to the Dollar General Distribution Center, employing more than 750 people within a short drive of the site. Westminster College and William Woods University are both located in Fulton, contributing thousands of students, faculty, and staff to the local economy.
- Established Retail Corridor
- The surrounding area includes several national and regional retailers such as Dollar General, Family Dollar, AutoZone, Little Caesars, Domino’s Pizza, Subway, and Ace Hardware.
Listing Contacts
Listed by RE/MAX Heritage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
0
DSCR
7.86%
Cap Rate
7.86%
ROI
Map
Zoning
C-1 CommercialCore CommercialCentral Business
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View all 104 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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