CVS Pharmacy | Lenexa, KS
ABSOLUTE NET | 7.69% CAP | KANSAS CITY M.S.A.
Marketing description
Seller to credit 100% of the future free rent period via US Treasuries atclosing or cash equivalent ($1,00,000).
$4,646,500 - Net Purchase Price after Rent Credit for Rent Holiday (2/2032 - 1/2035).
Investment highlights
LONG TERM LEASE (8.5 YEARS) - Primary Term expires 1/31/2035. CVS has operated from this location since 2010.
ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
EXCELLENT LOCATION - The property is located in a dense residential are and at the corner of a signalized intersection adjacent to numerous national credit tenants including Ace Hardware, Wendy’s, UPS and 1 Mile from Falcon Ridge and Falcon Valley Golf Courses.
KANSAS CITY M.S.A. - The second largest M.S.A. in Kansas with an estimated population of over 2.2 million residents.
STRONG DEMOGRAPHICS - Average Household Income in a 1-mile radius is $198,646 in a population of 148,937 in a 5 mile radius.
HIGH TRAFFIC COUNTS - Approximately 15,000 Vehicles Per Day.
DRIVE THRU PHARMACY
CORPORATE GUARANTEE - The lease is corporate guaranteed by CVS Health Corporation.
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