CVS Pharmacy - Net Lease Property for Sale
Newton, NC
Key Investment Metrics
Price
$2,490,000
Cap Rate
6.5%
Net Operating Income
$161,838
Building Size
10125 SF
Lot Size
10,125 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
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Newton, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 10125 square feet of building space and was built in 1998.
With a cap rate of 6.5%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $2,490,000, 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.
Newton, NC Market Overview
Located in Newton, NC, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Newton area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.