CVS Pharmacy for Sale in Wayland, MA
Wayland, MA
Key Investment Metrics
Price
$7,272,727
Cap Rate
5.5%
Net Operating Income
$400,000
Building Size
10880 SF
Land Area
2.06 Acres
Remaining Term
17 years
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2017
Occupancy
100%
Tenancy
Single
Rent Increases
5%
Property overview
CVS Pharmacy in Wayland
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,880 SF
- Land area
- 2.06 acres
- Year built
- 2017
- Lease type
- Absolute NNN
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.