CVS Pharmacy | Euclid, OH
ABSOLUTE NET | 7.61% CAP RATE | OPEN 24 HOURS
Marketing description
RENT HOLIDAY - 8/2031 - 7/2034 Seller to credit 100% of the future free rent period via US Treasuries at closing or cash equivalent ($1,070,000)
Investment highlights
TERM REMAINING (8 YEARS) - Primary Term expires July 31, 2034. CVS has operated from this location since 2009.
ABSOLUTE NET BOND LEASE - No Landlord Responsibilities.
OPEN 24 HOURS + DRIVE THRU PHARMACY - High performing store with 15+ Year operating history.
ACTIVE RETAIL TRADE AREA - The property is positioned near numerous other national credit tenants including ALDI, Wendy’s, Dunkin’ Donuts, Burlington, Dollar Tree, Sherwin-Williams, Bank of America, Burger King, Hibbett Sports, Wingstop, Chase Bank and more.
NEAR LOCAL HIGH SCHOOL - The property is located in a dense residential area down the street from Euclid City High School, Briardale Greens Municipal Golf Course and Euclid Memorial Park.
ONLY CVS IN EUCLID, OH - Euclid is the 4th largest city in Cuyahoga County.
CORPORATE GUARANTEE - The lease is corporately guaranteed by CVS Health Corporation.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
