CVS Pharmacy | Ocean Springs, MS
ABSOLUTE NET | 7.66% CAP RATE | OUT PARCEL TO STRIP CENTER
Marketing description
Seller to credit 100% of the future free rent period via US Treasuries at closing or cash equivalent ($935,000).
$4,241,900 - Net Purchase Price after Rent Credit for Rent Holiday (8/2031 - 7/2034)
Investment highlights
LONG TERM LEASE (8 YEARS) - Primary Term expires 7/31/2034. CVS has operated from this location since 2009.
ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
EXCELLENT LOCATION - The property is located at the corner of a signalized intersection adjacent to numerous national credit tenants including Planet Fitness, Big Lots, Domino’s Pizza, Dollar General, Exxon, Ace Hardware, Goodwill, The UPS Store and more.
OUT PARCEL TO STRIP CENTER
HIGH TRAFFIC COUNTS - Approximately 39,000 Vehicles Per Day.
STRONG DEMOGRAPHICS - Average Household Income in a 3-Mile radius is $103,106.
DRIVE THRU PHARMACY
CORPORATE GUARANTEE - The lease is corporate guaranteed by CVS Health Corporation.
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