CVS Pharmacy - Net Lease Property for Sale
North Webster, IN
Key Investment Metrics
Price
$1,820,000
Cap Rate
5.5%
Net Operating Income
$100,100
Building Size
10083 SF
Lot Size
10,083 SF
Remaining Term
15.2 years
Lease Expiration
10/01/2041
Lease Term
17.8 years
Lease Commencement
12/18/2023
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
3% in Options
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in North Webster, IN and represents an excellent investment opportunity for commercial real estate investors. The property features 10083 square feet of building space and was built in 2003.
With a cap rate of 5.5%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $1,820,000, 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.
North Webster, IN Market Overview
Located in North Webster, IN, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The North Webster area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.