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Drug Store

Abs. Net Ground Lease CVS | Trophy Location On University Campus (12,700+ Students) | Huntington, WV

505 20th St, Huntington, WV 25703

Listing Price: $6,021,000

Cap Rate
4.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
17.6
Guarantor
Corporate Guarantee
Rentable SF
13,225
Lease Type
Ground Lease
Rent Per Square Feet
$18.90

Investment Overview

Marcus & Millichap is pleased to bring to market CVS Pharmacy located in Huntington, WV.

Investment Highlights

  • 17.75-Years Remaining on a Ground Lease With Ten, 5-Year Renewal Options and 5% Rental Increases In Each Option | No Landlord Responsibilities
  • Hard Corner Location at the Signalized Intersection of 20th St. and 5th Ave., Which Sees Over 16,500 Vehicles Per Day
  • Strong Visibility From Three Intersections With Three Points of Ingress and Egress | Lighted Pylon Sign
  • Property is Located Next to Marshall University Campus (13,668 Students and Staff) and is Across the Street From Marshall Rec Center & Joan Edwards Stadium (38,200+ Capacity)
  • Adjacent to Multiple Marshall University Residence Halls and Student Housing Facilities
  • Located 1.5 Miles From Both St. Marys Medical Center (393 Beds, Largest Employer in Cabell County) And Cabell Huntington Hospital (303 Beds, Second Largest Hospital in West Virginia)
  • Corporate Guarantee | CVS is an S&P "BBB" Investment-Grade Credit Rated Te
  • Huntington is the Second Largest City in West Virginia and the Largest City Within the Huntington-Ashland, WV-KY, OH MSA (361,580 Total Population)

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Financing By

Drug Store

Abs. Net Ground Lease CVS | Trophy Location On University Campus (12,700+ Students) | Huntington, WV

Listing Price: $6,021,000

Cap Rate
4.15%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
17.6
Guarantor
Corporate Guarantee
Rentable SF
13,225
Lease Type
Ground Lease
Rent Per Square Feet
$18.90

Investment Highlights

  • 17.75-Years Remaining on a Ground Lease With Ten, 5-Year Renewal Options and 5% Rental Increases In Each Option | No Landlord Responsibilities
  • Hard Corner Location at the Signalized Intersection of 20th St. and 5th Ave., Which Sees Over 16,500 Vehicles Per Day
  • Strong Visibility From Three Intersections With Three Points of Ingress and Egress | Lighted Pylon Sign
  • Property is Located Next to Marshall University Campus (13,668 Students and Staff) and is Across the Street From Marshall Rec Center & Joan Edwards Stadium (38,200+ Capacity)
  • Adjacent to Multiple Marshall University Residence Halls and Student Housing Facilities
  • Located 1.5 Miles From Both St. Marys Medical Center (393 Beds, Largest Employer in Cabell County) And Cabell Huntington Hospital (303 Beds, Second Largest Hospital in West Virginia)
  • Corporate Guarantee | CVS is an S&P "BBB" Investment-Grade Credit Rated Te
  • Huntington is the Second Largest City in West Virginia and the Largest City Within the Huntington-Ashland, WV-KY, OH MSA (361,580 Total Population)

Investment Overview

Marcus & Millichap is pleased to bring to market CVS Pharmacy located in Huntington, WV.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

Financing By

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