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Views: 40 DOM: 90 Updated: 11.08.24 Posted: 08.23.24 Status: Active

Summary

Price $4,308,653
Built/Renov 2014
Tenant CVS Pharmacy
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,038
Lease Start 02-01-2015
#Units 9,395
Price/SF $330.47
Expiration 01-31-2040
Tenant Type Pharmacy
NOI $247,748
R. Term 15.2
Ownership Fee Simple
Rent/SF $19.00
Increases 0.0%/0/yrs
Pop 5Mi 103,306
Lot/AC 1.94
Options 10/5yrs
AHHI 5Mi $101,611

Lease Highlights

  • CVS Pharmacy has 15+ years remaining on the current lease term with 10 (5-year) options to extend
  • The lease features FMV rental escalations at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard corner intersection of W County Line Road and S Walnut Street, with access to a combined daily traffic count of 22,113 vehicles. The property is surrounded by three elementary schools, including Memorial Elementary, County Line Elementary, and Walnut Springs Elementary. The immediate area features well-known national tenants such as...

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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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Listing Broker

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