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Views: 87 DOM: 191 Updated: 11.21.24 Posted: 06.13.24 Status: Active

Summary

Price $6,245,000
Built/Renov 2003/2021
Tenant CVS Pharmacy
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,094
Lease Start 01-01-2008
#Units 9,395
Price/SF $516.37
Expiration 01-31-2033
Tenant Type Pharmacy
NOI $405,910
R. Term 8.1
Ownership Fee Simple
Rent/SF $33.56
Increases 0.0%/0/yrs
Pop 5Mi 454,186
Lot/AC 1.55
Options 9/5yrs
AHHI 5Mi $89,305

Lease Highlights

  • CVS has been operating in this location since 2008
  • The tenant has 8+ years remaining on the current lease term with 9 (5-year) options to extend
  • The lease features fluctuating rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard corner interaction of North MacDade Boulevard and West Oak Lane, with access to a combined daily traffic count of 31,000 vehicles. The property is situated in a dense retail corridor surrounded by well-known national tenants including Walmart Supercenter, BJs Wholesale, Shop Rite, Aldi, Grocery Outlet, Dollar Tree, and more....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 27,803 188,165 443,790
2024 Total Population : 28,193 191,523 451,210
2024 Employed Civilian Pop : 14,678 101,249 230,912
2024 Total Businesses : 695 4,903 11,561
2024 Average Household Income : $ 87,389 $ 92,227 $ 91,938
2024 Total Consumer Spending : $ 858 M $ 6063 M $ 14145 M
2024 Median Age : 39 39 38
2024 Total Households : 11,129 74,864 175,085
2024 Pop Age 25+: Bachelor's Degree : 3,246 25,067 61,254
2024 Average Home Value : $ 246,763 $ 295,376 $ 305,651
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Macdade Boulevard Macdade Blvd 2019 7,488 0.03 mi
MacDade Boulevard Har Zion Cemetery Rd 2022 6,476 0.09 mi
W Oak Ln N Bonsall Ave 2019 15,123 0.13 mi
North Macdade Boulevard Cooke Ave 2022 16,420 0.17 mi
Macdade Blvd Pershing Ave 2016 13,238 0.27 mi
W Ashland Ave S Llanwellyn Ave 2002 9,820 0.32 mi
Macdade Boulevard Clifton Ave 2022 12,951 0.37 mi
E Oak Ln N Chester Pike 2016 11,702 0.38 mi
Macdade Boulevard Wayne Ave 2019 13,272 0.41 mi
Macdade Blvd W Gardner Ave 2017 15,492 0.41 mi

Listing Broker

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