CVS Pharmacy for Sale
Key Investment Metrics
Price
$8,000,000
Cap Rate
5.2%
Net Operating Income
$418,733
Building Size
11981 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
Property overview
CVS Pharmacy
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 11,981 SF
- Land area
- 0.38 acres
- Year built
- 2001
- Lease type
- NNN
- Lease expiration
- 01/31/2031
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.