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Drug Store

CVS Pharmacy (Washington, DC MSA)

4840 Marlboro Pike, Capitol Heights, MD 20743

Listing Price: $3,681,000

Cap Rate
6.00%
Tenant Name
CVS
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
11,201
Lease Type
Double Net
Rent Per Square Feet
$19.72

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a CVS Pharmacy located in Capitol Heights, MD. This is a long-term Tenant; they have been in place for approx. 27 years. The lease offers four, five-year tenant renewal options with five percent rent increases every five years in option periods. This CVS is part of a 4-property pharmacy portfolio. All locations are available separately as well. OM provides pricing for all locations. Contact listing agents for more information. The Subject Property is part of the District of Columbia metro area with a population of more than 2.6 million. This location offers convenient access to/from Washington, D.C., less than five miles from the Unites States Capitol, home of the Library of Congress & Supreme Court of the United States. The population is nearly 500,000 within five miles of subject property, with an average household income over $93,000. This CVS is located just 4.5 miles from BridgePoint Hospital Capitol Hill, a 177-bed, private room facility located just minutes from the U.S. Capitol Building, and 6.5 miles from University of Maryland Global Campus - the #1 largest public university in the U.S. with more than 58,000 students. Surrounding national retailers include Target, JCPenney, Aldi, Giant Foods, Party City, Rainbow Shops, Petco, Five Below, Planet Fitness, Family Dollar, AutoZone, 7-Eleven, Wells Fargo, Advanced Auto Parts, Applebee’s Grill & Bar, TGI Friday’s, Popeyes, McDonalds, Chick-fil-A, Panda Express, Wendy’s, Walgreens and many more.

Investment Highlights

  • Long-Term Tenant, In Place for Approx. 27 Years
  • Four, Five-Year Tenant Renewal Options With Five Percent Rent Increases Every Five Years
  • Less Than Five Miles from the Unites States Capitol, Home of the Library of Congress & Supreme Court of the United States
  • Population Nearly 500,000 Within Five Miles of Subject Property
  • Average Household Income Over $93,000 in Five Miles
  • 4.5 Miles from BridgePoint Hospital Capitol Hill, a 177-Bed, Private Room Facility Located Just Minutes from the U.S. Capitol Building
  • 6.5 Miles from University of Maryland Global Campus - The #1 Largest Public University in the U.S. with More Than 58,000 Students
  • Surrounding National Retailers Include Target, JCPenney, Aldi, Giant Foods, Party City, Rainbow Shops, Petco, Five Below, Planet Fitness, Family Dollar, AutoZone, 7-Eleven, Wells Fargo, Advanced Auto Parts, Applebee's Grill & Bar, TGI Friday's, Popeyes, McDonalds, Chick-fil-A, Panda Express, Wendy's, Walgreens and Many More

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) MD: 5005538

    Maryland

Financing By

Drug Store

CVS Pharmacy (Washington, DC MSA)

Listing Price: $3,681,000

Cap Rate
6.00%
Tenant Name
CVS
Years Remaining On Lease
3.8
Guarantor
Corporate Guarantee
Rentable SF
11,201
Lease Type
Double Net
Rent Per Square Feet
$19.72

Investment Highlights

  • Long-Term Tenant, In Place for Approx. 27 Years
  • Four, Five-Year Tenant Renewal Options With Five Percent Rent Increases Every Five Years
  • Less Than Five Miles from the Unites States Capitol, Home of the Library of Congress & Supreme Court of the United States
  • Population Nearly 500,000 Within Five Miles of Subject Property
  • Average Household Income Over $93,000 in Five Miles
  • 4.5 Miles from BridgePoint Hospital Capitol Hill, a 177-Bed, Private Room Facility Located Just Minutes from the U.S. Capitol Building
  • 6.5 Miles from University of Maryland Global Campus - The #1 Largest Public University in the U.S. with More Than 58,000 Students
  • Surrounding National Retailers Include Target, JCPenney, Aldi, Giant Foods, Party City, Rainbow Shops, Petco, Five Below, Planet Fitness, Family Dollar, AutoZone, 7-Eleven, Wells Fargo, Advanced Auto Parts, Applebee's Grill & Bar, TGI Friday's, Popeyes, McDonalds, Chick-fil-A, Panda Express, Wendy's, Walgreens and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a CVS Pharmacy located in Capitol Heights, MD. This is a long-term Tenant; they have been in place for approx. 27 years. The lease offers four, five-year tenant renewal options with five percent rent increases every five years in option periods. This CVS is part of a 4-property pharmacy portfolio. All locations are available separately as well. OM provides pricing for all locations. Contact listing agents for more information. The Subject Property is part of the District of Columbia metro area with a population of more than 2.6 million. This location offers convenient access to/from Washington, D.C., less than five miles from the Unites States Capitol, home of the Library of Congress & Supreme Court of the United States. The population is nearly 500,000 within five miles of subject property, with an average household income over $93,000. This CVS is located just 4.5 miles from BridgePoint Hospital Capitol Hill, a 177-bed, private room facility located just minutes from the U.S. Capitol Building, and 6.5 miles from University of Maryland Global Campus - the #1 largest public university in the U.S. with more than 58,000 students. Surrounding national retailers include Target, JCPenney, Aldi, Giant Foods, Party City, Rainbow Shops, Petco, Five Below, Planet Fitness, Family Dollar, AutoZone, 7-Eleven, Wells Fargo, Advanced Auto Parts, Applebee’s Grill & Bar, TGI Friday’s, Popeyes, McDonalds, Chick-fil-A, Panda Express, Wendy’s, Walgreens and many more.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): MD: 5005538

    Maryland

Financing By

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