Drug Store

CVS - Laconia NH

220 Union Avenue, Laconia, NH 03246

Listing Price: $9,782,000

Cap Rate
5.30%
Tenant Name
CVS
Years Remaining On Lease
14.0
Gross SF
13,225
Guarantor
Corporate Guarantee
Rentable SF
13,225
Price/Gross SF
$739.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.20

Investment Overview

The subject property is a CVS Pharmacy located at 220 Union Avenue in Laconia New Hampshire. CVS currently has 15 years remaining on. their 25-year NNN lease and has six five-year options with a 10% increase at the beginning of the first option and 5% increases at the beginning of the last five options.

Investment Highlights

  • 25-Year NNN Lease with 15 Years Remaining
  • Six Five-Year Options with Increases Every Five Years
  • Landlord Responsible for Roof & Structure

Exclusively Listed By

  • Laurie Ann Drinkwater

    Senior Vice President Investments

    (617) 896-7230

    Email Laurie Ann

    License(s): CT: REB.0751880, MA: 147511, RI: B 16787

    Boston

  • Seth J. Richard

    Licensed Real Estate Salesperson

    (212) 430-5164

    Email Seth

    License(s): CT: RES- 0764595, NY: 10401275108, MA: 149700

    Manhattan

Listing Price: $9,782,000

Cap Rate
5.30%
Tenant Name
CVS
Years Remaining On Lease
14.0
Gross SF
13,225
Guarantor
Corporate Guarantee
Rentable SF
13,225
Price/Gross SF
$739.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.20

Investment Highlights

  • 25-Year NNN Lease with 15 Years Remaining
  • Six Five-Year Options with Increases Every Five Years
  • Landlord Responsible for Roof & Structure

Investment Overview

The subject property is a CVS Pharmacy located at 220 Union Avenue in Laconia New Hampshire. CVS currently has 15 years remaining on. their 25-year NNN lease and has six five-year options with a 10% increase at the beginning of the first option and 5% increases at the beginning of the last five options.

Exclusively Listed By

  • Laurie Ann Drinkwater

    Senior Vice President Investments

    (617) 896-7230

    Email Laurie Ann

    License(s): CT: REB.0751880, MA: 147511, RI: B 16787

    Boston

  • Seth J. Richard

    Licensed Real Estate Salesperson

    (212) 430-5164

    Email Seth

    License(s): CT: RES- 0764595, NY: 10401275108, MA: 149700

    Manhattan

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