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Drug Store

CVS Pharmacy

4453 Old Shell Rd, Mobile, AL 36608

Listing Price: $12,831,200

Cap Rate
5.25%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,376
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.36

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 4453 Old Shell Road in Mobile, Alabama. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $673,638. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Investment Highlights

  • ? Long-Term Absolute Triple Net (NNN) Lease Approximately 12.87 Years Remaining
  • ? CVS Corporate Guaranty | Investment-Grade Credit
  • ? Fee Simple Ownership

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Drug Store

CVS Pharmacy

Listing Price: $12,831,200

Cap Rate
5.25%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,376
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.36

Investment Highlights

  • ? Long-Term Absolute Triple Net (NNN) Lease Approximately 12.87 Years Remaining
  • ? CVS Corporate Guaranty | Investment-Grade Credit
  • ? Fee Simple Ownership

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 4453 Old Shell Road in Mobile, Alabama. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $673,638. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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