CVS Investment Property
$1,666,666.00
Address | 320 E Lexington Street, Richmond, MO |
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Tenant | CVS |
Lease Term | 7 Years |
Cap Rate | 6% |
NOI | $100,000 |
Options | 4 / 5 Year Options |
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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