Listed by Net Leased Advisors
$1,700,000
CVS PHARMACY | STREETSBORO, OH
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,032
Cap Rate 9.32%
NOI $158,370
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 01/31/2031
Remaining Term 4.8
Lease Options (10) 5-year Options
Price per SqFt $16
Year Built 2005
Acreage 1.670
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2005
Ground Lease No
Ownership Fee Simple
ABSOLUTE NET | STRONG DEMOGRAPHICS
Marketing description
Rent Holiday: 2/2028 - 1/2031
Investment highlights
- LEASE TERM (4.75 YEARS) Primary Term expires 1/31/2031. CVS has operated from this location since 2006.
- ABSOLUTE NET BOND LEASE No Landlord Responsibilities
- LOCATED NEAR NUMEROUS NATIONAL CREDIT TENANTS The property is located at the corner of a signalized intersection near numerous national credit tenants including Circle K, Lowe's, Home Depot, Walmart, Kia, Target, Gerber Collision and Glass, McDonalds and more.
- PART OF CLEVELAND-AKRON-CANTON OHIO M.S.A. The largest metropolitan area in in the State of Ohio.
- STRONG DEMOGRAPHICS Average Household Income is $111,405 in a 3-mile radius and population is 46,334 in a 5-mile radius.
- DRIVE THRU PHARMACY
- CORPORATE GUARANTEE The lease is corporate guaranteed by CVS Health Corporation.
Listing Contacts
Listed by Net Leased Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,370.00
$13,197.50/mo
Valuation Metrics
0
DSCR
9.32%
Cap Rate
9.32%
ROI
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