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