CVS Pharmacy - Net Lease Property for Sale
Key Investment Metrics
Price
$8,000,000
Cap Rate
5.2%
Net Operating Income
$418,733
Building Size
11981 SF
Lot Size
11,981 SF
Land Area
0.38 Acres
Remaining Term
4.5 years
Lease Expiration
01/31/2031
Lease Term
31.8 years
Lease Commencement
04/22/1999
Lease Type
NNN
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increase In Option Period
About This CVS Pharmacy Net Lease Property
This CVS Pharmacy NNN (triple net lease) property is located in , NY and represents an excellent investment opportunity for commercial real estate investors. The property features 11981 square feet of building space and was built in 2001.
With a cap rate of 5.2%, this CVS Pharmacy net lease property offers stable income potential. The asking price is $8,000,000, 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.
, NY Market Overview
Located in , NY, this CVS Pharmacy property benefits from strong local demographics and market fundamentals. The area offers excellent visibility and accessibility, making it an ideal location for CVS Pharmacy operations and a solid investment for net lease property buyers.