Listed by Matthews
$7,272,727
CVS Pharmacy | Boston Suburb | STNL | Drugstore
Details
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 10,880
Cap Rate 5.50%
NOI $400,000
Remaining Term 17
Year Built 2017
Acreage 2.060
Ground Lease No
Investment-Grade CVS Ground Lease in Affluent Boston Suburb
Investment highlights
• Absolute NNN Lease – Zero Landlord Responsibilities
• 17 (+/-) Years Remaining on Base Term
• Corporate Guaranteed by CVS Health
• Investment Grade Credit Tenant (BBB Rated)
• Rare Ground Lease Structure
• Located in One of Boston's Most Affluent Suburbs
• $224K Median Household Income
• Limited Retail Supply & High Barriers to Entry
• Newer Construction (2017 Build)
• Drive-Thru Prototype Location
• Strong Residual Real Estate Value ("Good Dirt" Real Estate)
• $30 Dollar Average Transaction Amount
• $10 Million Store Sales T12 in Credit Card Pings
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$400,000.00
$33,333.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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