Listed by Net Leased Advisors
$4,760,898
CVS PHARMACY | BLOOMINGTON, IL
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,896
Cap Rate 5.90%
NOI $280,893
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/31/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options (2) 5-year Options
Price per SqFt $22
Year Built 2009
Acreage 1.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
BRAND NEW LEASE | 15.2 YEARS | ABSOLUTE NET | NO RENT HOLIDAY
Investment highlights
- BRAND NEW LEASE (15.2 YEARS) - Primary Term expires 10/31/2041. CVS has operated from this location since 2009.
- NO RENT HOLIDAY
- ABSOLUTE NET LEASE - No landlord responsibilities.
- HIGH PERFORMING STORE
- EXCELLENT LOCATION - The property is located at the corner of a signalized intersection adjacent to numerous national credit tenants including ALDI, Enterprise, Taco Bell, Panera, McCalisters Deli, First National Bank, Residence Inn by Marriott and more.
- STRONG DEMOGRAPHICS - Average Household Income in a 3-mile radius is $91,558 in a population of 125,222 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
$280,893.00
$23,407.75/mo
Valuation Metrics
0
DSCR
5.9%
Cap Rate
5.9%
ROI
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