Compass Florida LLC
Listed by Compass Florida LLC
$2,450,000
CVS 16 Year Greensboro, NC
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,225
Cap Rate 5.92%
NOI $145,000
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 01/30/2043
Remaining Term 16.7
Rent Bumps Yes
Lease Options 6 Five (5) Year Options
Acreage 1.880
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 02/01/2018
Ground Lease Yes
CVS Ground Lease | 5.92% CAP | 13,225 SqFt
Marketing description
Pleased to present this 13,225 SF CVS Pharmacy located in Greensboro, NC. The property has an absolute NNN ground lease, leaving minimal Landlord Responsibilities. The subject offering represents an ideal opportunity for a 1031 Exchange buyer. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation's top pharmacies.
Investment highlights
- Corporate Guarantee
- Investment Grade Guarantor
- Long-term lease
- NNN Lease/Zero landlord responsibilities
- Over 125,000 People in Five-Mile Radius
Listing Contacts
Compass Florida LLC
Listed by Compass Florida LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,000.00
$12,083.33/mo
Valuation Metrics
0
DSCR
5.92%
Cap Rate
5.92%
ROI
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