Drug Store
CVS Pharmacy
1329 Kempsville Rd, Chesapeake, VA 23320
Listing Price: $10,771,280
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1329 Kempsville Road in Chesapeake, Virginia. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $538,564. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.
Listing Price: $10,771,280
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 1329 Kempsville Road in Chesapeake, Virginia. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $538,564. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.
