Heights Properties NYC
Listed by Heights Properties NYC
$3,000,000
CVS/pharmacy IN
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,722
Net Rentable (SqFt) 10,722
Units 1
Cap Rate 5%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 38.5
Lease Expiration 07/30/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options FOUR, 5-year options
Price per SqFt $280
Buildings 1
Stories 1
Acreage 1.370
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 02/05/1998
Ownership Fee Simple
Long term tenant / Only national drugstore within a 12 mile radius
Marketing description
The tenant has operated at this site for over 19 years and has
strong store sales
The asset is well situated on a major commercial thoroughfare
Nearby retailers include: Dollar Genral, Mcdonald's, Subway,
Dairy Queen, etc.
This CVS/pharmacy is the only national drugstore within a
12-mile radius, serving the population of Delphi
LANDLORD RESPONSIBLE ONLY FOR ROOF AND STRUCTURE.
Investment highlights
- CVS Pharmacy is an American retail corporation. A subsidiary
- of CVS Health, it is headquartered in Woonsocket, Rhode
- Island. CVS Pharmacy is currently the largest pharmacy chain
- in the United States by number of locations (over 9,600 as of
- 2016) and total prescription revenue. Its parent company
- ranks as the fifth largest U.S. corporation by FY2020 revenues
- in the Fortune 500. CVS sells prescription drugs and a wide
- assortment of general merchandise, including over-the-counter
- drugs, beauty products and cosmetics, film and photo
- finishing services, seasonal merchandise, greeting cards, and
- convenience foods through their CVS Pharmacy and Longs
- Drugs retail stores and online through CVS.com. It also
- provides healthcare services through its more than 1,100
- MinuteClinic medical clinics.
- As of October 2021, CVS has a market cap of $117.05 billion
Listing Contacts
Heights Properties NYC
Listed by Heights Properties NYC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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