CVS Pharmacy - Net Lease Property for Sale
Kansas City, KS
Key Investment Metrics
Price
$4,293,333
Cap Rate
6.8%
Net Operating Income
$289,800
Building Size
8400 SF
Lot Size
8,400 SF
Land Area
0.88 Acres
Remaining Term
14.2 years
Lease Expiration
09/30/2040
Lease Term
17 years
Lease Commencement
09/29/2023
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2012
Occupancy
100%
Tenancy
Single
Rent Increases
Years 1-6: $289,800; Years 7-12: $324,576; Years 13-17: $357,000; Option 1 (Years 18-22): $392,700;
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Kansas City, KS and represents an excellent investment opportunity for commercial real estate investors. The property features 8400 square feet of building space and was built in 2012.
With a cap rate of 6.8%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $4,293,333, making it an attractive option for 1031 exchange investors seeking quality CVS Pharmacy commercial properties.
Why Invest in CVS Pharmacy NNN Properties?
- Stable Income: CVS Pharmacy net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: CVS Pharmacy is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Kansas City, KS Market Overview
Located in Kansas City, KS, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Kansas City area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.