CVS Pharmacy for Sale in Fairfield, OH
Fairfield, OH
Key Investment Metrics
Price
$3,111,000
Cap Rate
6.3%
Net Operating Income
$196,000
Building Size
10855 SF
Land Area
1.49 Acres
Remaining Term
12.8 years
Lease Expiration
04/30/2039
Lease Term
20 years
Lease Commencement
05/01/2019
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
5.00% Rent increase in each renewal option
Property overview
CVS Pharmacy in Fairfield
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,855 SF
- Land area
- 1.49 acres
- Year built
- 2001
- Lease type
- Absolute NNN
- Lease expiration
- 04/30/2039
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.