Drug Store
CVS | Relocation Store | 16+ Year NNN Term | No Rent Holiday
1479 Newman Ave, Seekonk, MA 02771
Listing Price: $11,000,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy at 1479 Newman Avenue in Seekonk, Massachusetts. The site consists of roughly 12,900 rentable square feet of building space. This CVS is subject to a 25-year absolute triple-net (NNN) lease, which commenced May 1st, 2014. The current annual rent is$550,000 and is scheduled to increase by 10% in the first option and 5% throughout the 5 other, 5-year renewal options.
Drug Store
CVS | Relocation Store | 16+ Year NNN Term | No Rent Holiday
Listing Price: $11,000,000
Investment Highlights
- Absolute Triple-Net (NNN) Offering of a CVS with a Drive Through
- Strong Credit Backing of Corporate CVS | Investment Grade Credit Rating!
- Essential Business | Long Term Tenancy | Recession Proof Business
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy at 1479 Newman Avenue in Seekonk, Massachusetts. The site consists of roughly 12,900 rentable square feet of building space. This CVS is subject to a 25-year absolute triple-net (NNN) lease, which commenced May 1st, 2014. The current annual rent is$550,000 and is scheduled to increase by 10% in the first option and 5% throughout the 5 other, 5-year renewal options.
