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Drug Store

CVS

3240 Hwy 50, Carson City, NV 89703

Listing Price: $12,270,757

Cap Rate
5.15%
Tenant Name
CVS
Years Remaining On Lease
12.7
Gross SF
26,228
Guarantor
Corporate Guarantee
Rentable SF
26,228
Price/Gross SF
$467.85
Lease Type
Absolute Net
Rent Per Square Feet
$24.09

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 3240 U.S. Highway 50 East in Carson City, Nevada. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is$631,944. 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
  • Zero Landlord Responsibilities
  • Ten (10), Five (5)-Year Tenant Renewal Option Periods

Exclusively Listed By

Listing Price: $12,270,757

Cap Rate
5.15%
Tenant Name
CVS
Years Remaining On Lease
12.7
Gross SF
26,228
Guarantor
Corporate Guarantee
Rentable SF
26,228
Price/Gross SF
$467.85
Lease Type
Absolute Net
Rent Per Square Feet
$24.09

Investment Highlights

  • Long-Term Absolute Triple Net (NNN) Lease Approximately 12.87 Years Remaining
  • CVS Corporate Guaranty - Investment-Grade Credit
  • Fee Simple Ownership
  • Zero Landlord Responsibilities
  • Ten (10), Five (5)-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 3240 U.S. Highway 50 East in Carson City, Nevada. There are currently 12.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is$631,944. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Exclusively Listed By

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