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Drug Store

CVS Pharmacy

8 Kocher Dr, Bennington, VT 05201

Listing Price: $6,397,200

Cap Rate
5.00%
Tenant Name
Bennington CVS, Inc.
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
14,752
Lease Type
Double Net
Rent Per Square Feet
$21.68

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 8 Kocher Drive in Bennington, Vermont. The site consists of roughly 14,752 rentable square feet of building space on an estimated 2.71-acre parcel of land. This CVS Pharmacy is subject to a 25-year double-net (NN) lease, which commenced April 12th, 2006. The current annual rent is $319,860 and is scheduled to increase in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Original Long-Term, ~25.8-Year Double-Net (NN) Lease
  • Approximately 10 Years Remaining on the Base Term
  • 10% Rental Increase in First Option Period | 5% Rental Increases in Each Successive Option

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Drug Store

CVS Pharmacy

Listing Price: $6,397,200

Cap Rate
5.00%
Tenant Name
Bennington CVS, Inc.
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
14,752
Lease Type
Double Net
Rent Per Square Feet
$21.68

Investment Highlights

  • Original Long-Term, ~25.8-Year Double-Net (NN) Lease
  • Approximately 10 Years Remaining on the Base Term
  • 10% Rental Increase in First Option Period | 5% Rental Increases in Each Successive Option

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 8 Kocher Drive in Bennington, Vermont. The site consists of roughly 14,752 rentable square feet of building space on an estimated 2.71-acre parcel of land. This CVS Pharmacy is subject to a 25-year double-net (NN) lease, which commenced April 12th, 2006. The current annual rent is $319,860 and is scheduled to increase in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

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