CVS Pharmacy - Net Lease Property for Sale
Rome, GA
Key Investment Metrics
Price
$2,945,000
Cap Rate
5.5%
Net Operating Income
$162,067
Building Size
13013 SF
Lot Size
13,013 SF
Land Area
1.45 Acres
Remaining Term
9.1 years
Lease Expiration
01/31/2035
Lease Term
26.5 years
Lease Commencement
08/06/2008
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2009
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every Five Years
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in Rome, GA and represents an excellent investment opportunity for commercial real estate investors. The property features 13013 square feet of building space and was built in 2009.
With a cap rate of 5.5%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $2,945,000, 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.
Rome, GA Market Overview
Located in Rome, GA, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The Rome area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.