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Drug Store

CVS Pharmacy

602 1st Ave E, Oneonta, AL 35121

Listing Price: $5,495,432

Cap Rate
4.75%
Tenant Name
CVS
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.40

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 602 1st Avenue East in Oneonta, AL. The site consists of roughly 10,700 rentable square feet of building space on an estimated 1.02-acre parcel of land. This CVS Pharmacy is subject to a brand new 15-year triple-net (NNN) lease, which will commence upon the close of escrow. The current annual rent is $261,033 and will remain constant throughout the term of the lease.

Investment Highlights

  • Brand New Long-Term, 15-Year Triple Net (NNN) Lease
  • Very Low Rent Location | Tenant Paying Well Below Average Compared to
  • Corporate Guaranty | Absolute NNN Lease |Zero Landlord Responsibilities

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Drug Store

CVS Pharmacy

Listing Price: $5,495,432

Cap Rate
4.75%
Tenant Name
CVS
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.40

Investment Highlights

  • Brand New Long-Term, 15-Year Triple Net (NNN) Lease
  • Very Low Rent Location | Tenant Paying Well Below Average Compared to
  • Corporate Guaranty | Absolute NNN Lease |Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 602 1st Avenue East in Oneonta, AL. The site consists of roughly 10,700 rentable square feet of building space on an estimated 1.02-acre parcel of land. This CVS Pharmacy is subject to a brand new 15-year triple-net (NNN) lease, which will commence upon the close of escrow. The current annual rent is $261,033 and will remain constant throughout the term of the lease.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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