CVS Investment Property

$1,666,666.00

Address 320 E Lexington Street, Richmond, MO
Tenant CVS
Lease Term 7 Years
Cap Rate 6%
NOI $100,000
Options 4 / 5 Year Options
Category:

Description

Triple Net Investment Group is pleased to present an opportunity to purchase a CVS Investment Property  located in Richmond, MO. This CVS has a NOI of $100,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,183 Sq FT with a lot size of 0.75 Acres. This CVS location has a long term occupancy and commitment to the site.  CVS Investment Property

 

  • Low price point for Investment Grade Tenant (S&P: BBB)

 

  • Corporate Guarantee by CVS Corporation

 

  • Minimal Landlord Responsibilities

 

  • Long Term Lease(7 years) with options to renew

 

  • Strategically located near Ray County Memorial Hospital

 

  • 5% rent increase every five years

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