CVS Pharmacy for Sale in Newton, NC
Newton, NC
Key Investment Metrics
Price
$2,490,000
Cap Rate
6.5%
Net Operating Income
$161,838
Building Size
10125 SF
Land Area
2.57 Acres
Remaining Term
11.3 years
Lease Expiration
10/31/2037
Lease Term
38.8 years
Lease Commencement
01/10/1999
Lease Type
NN
Year Built
1998
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
CVS Pharmacy in Newton
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,125 SF
- Land area
- 2.57 acres
- Year built
- 1998
- Lease type
- NN
- Lease expiration
- 10/31/2037
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.