CVS Pharmacy - Net Lease Property for Sale
Richmond, TX
Key Investment Metrics
Price
$5,696,640
Cap Rate
6.3%
Net Operating Income
$356,040
Building Size
12900 SF
Lot Size
12,900 SF
Land Area
1.71 Acres
Remaining Term
8.1 years
Lease Expiration
01/31/2034
Lease Term
25.3 years
Lease Commencement
10/13/2008
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2008
Occupancy
100%
Tenancy
Single
Rent Increases
5.00% in Options
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Richmond, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 12900 square feet of building space and was built in 2008.
With a cap rate of 6.3%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $5,696,640, 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.
Richmond, TX Market Overview
Located in Richmond, TX, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Richmond area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.