CVS Pharmacy for Sale in North Webster, IN
North Webster, IN
Key Investment Metrics
Price
$1,820,000
Cap Rate
5.5%
Net Operating Income
$100,100
Building Size
10083 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
Property overview
CVS Pharmacy in North Webster
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,083 SF
- Year built
- 2003
- Lease type
- Absolute NNN
- Lease expiration
- 10/01/2041
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.