CVS Portfolio – 6 locations in MO
$10,333,333.00
Address | 6 Locations in Missouri |
---|---|
Tenant | CVS |
Lease Term | 7 Years |
Cap Rate | 6% |
NOI | $620,000 |
Options | 4 / 5 Year Options |
Description
Triple Net Investment Group is pleased to present an opportunity to purchase a Six Property CVS Portfolio located in Missouri. This Portfolio has a
combined NOI of $620,000, Rental increases of 5% every 5 years, with an average of 7 years remaining on the lease term. The Six CVS portfolio buildings total to 22,296 Sq ft with a combined lot size of 3.57 Acres. Each location has a long term occupancy and commitment to the site.
• Low price point for Investment Grade Tenant (S&P: BBB)
• Corporate Guarantee by CVS Corporation
• Minimal Landlord Responsibilities
• Long Term Leases(7 years) with options to renew
•CVS Portfolio Strategically located near Hospitals, Medical Centers with limited
to No Pharmacy competition
• 5% rent increase every five years
CVS Corporation:
CVS Pharmacy, a subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. CVS Pharmacy is
currently the largest pharmacy chain in the United States. CVS Health, the Parent Company is the fifth Largest US Corporation (FY2020)
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