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Price: $4,449,062
CAP Rate: 7.25%
Year Built: 2009
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Down Payment: $4,449,062
Sq. Ft.: 13,225
Lot Size: 1.5
Status: Available
NOI: $322,557
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Description:
The subject property is a CVS store under construction and will be delivered in September 2009. The site is located at a signalized intersection. The lease is guaranteed by CVS Caremark Corporation. CVS ranked 24th on the Fortune 500 list for 2008 and they are the number one provider of prescriptions and related healthcare services in the nation. As of December 29, 2008, CVS operated 6,300+ retail drugstores in 40 states and the District of Columbia; 462 retail healthcare clinics in 25 states; and 56 retail specialty pharmacy stores, 20 specialty mail order pharmacies, and 9 mail service pharmacies in 26 states and the District of Columbia. The company was founded in 1963 and is headquartered in Woonsocket, Rhode Island.
Confidential listing, please call or email to receive a confidentiality agreement.
Investment Highlights:
Brand new construction to be delivered September 2009
25 year NN lease
CVS corporate guarantee
S&P rated BBB+
Tenant reimbusres for taxes, insruance, and common area
Landlord responsible for roof and structure
Community Features:
Located in a College town
Signalized intersection
Financing Summary:
Please contact us for financing options
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