CVS Pharmacy for Sale in Elk Grove, CA
Elk Grove, CA
Key Investment Metrics
Price
$7,514,000
Cap Rate
5.3%
Net Operating Income
$394,500
Building Size
31324 SF
Land Area
3.02 Acres
Remaining Term
12.5 years
Lease Expiration
01/31/2039
Lease Term
40.5 years
Lease Commencement
08/24/1998
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1990
Occupancy
100%
Tenancy
Single
Rent Increases
10% Bump in 1st Option; 5% in 2nd
Property overview
CVS Pharmacy in Elk Grove
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 31,324 SF
- Land area
- 3.02 acres
- Year built
- 1990
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.