Listed by SRS Real Estate Partners Newport Beach
$13,246,000
CVS Leasehold | 5-Property
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 66,690
Cap Rate 9.14%
NOI $1,210,429
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Price per SqFt $199
Acreage 7.230
Tenant Credit Corporate Guarantee
Ground Lease Yes
Ownership Leasedhold (Building Ownership)
Retail | 9.14% CAP | 66,690 SqFt
Marketing description
Gross Price: $13,246,000
Gross Cap: 9.14%
Net Price: $10,267,000
Net Cap: 11.79%
1) Properties can be purchased individually. San Clemente does not have assumable debt available. All other sites can be purchased either free and clear or with the assumption of the existing debt.
2) All sites have Rent Holidays for the final three years of the initial term, but San Clemente’s Rent Holiday commences Oct. 2026-2029.
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,210,429.00
$100,869.08/mo
Valuation Metrics
0
DSCR
9.14%
Cap Rate
9.14%
ROI
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