Listed by Legacy Realty Group Advisors, LLC
$2,490,000
CVS Pharmacy | NEWTON, NC
Details
APN 373015743429
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,125
Units 1
Cap Rate 6.5%
NOI $161,838
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN
Lease Term 38.8
Lease Expiration 10/31/2037
Remaining Term 11.4
Rent Bumps Yes
Lease Options 5 (5-Year)
Year Built 1998
Stories 1
Acreage 2.570
Investment Type Net Lease
Lease Commencement 01/10/1999
Ground Lease No
Ownership Fee Simple
11.3 Years Remaining | Low Price Point | 27+ Year Operating History
Investment highlights
- CVS Guaranty with Over 11 Years of Lease Term Remaining
- 27+ Year Proven Operating History at the Site
- Strong Visibility & Traffic on Northwest Boulevard
- 5% Scheduled Rent Increases In Each Option
- Embedded in Newton's Government & Retail Core
Listing Contacts
Listed by Legacy Realty Group Advisors, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,838.00
$13,486.50/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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