CVS Pharmacy for Sale in Mooresville, NC
Mooresville, NC
Key Investment Metrics
Price
$3,238,000
Cap Rate
6.5%
Net Operating Income
$210,500
Building Size
11487 SF
Land Area
1.19 Acres
Remaining Term
11 years
Lease Expiration
05/31/2037
Lease Term
20 years
Lease Commencement
11/23/1998
Lease Type
NN+
Tenant Credit
Corporate Guarantee
Year Built
1998
Occupancy
100%
Tenancy
Single
Rent Increases
5% Each Option
Property overview
CVS Pharmacy in Mooresville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 11,487 SF
- Land area
- 1.19 acres
- Year built
- 1998
- Lease type
- NN+
- Lease expiration
- 05/31/2037
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.