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Drug Store

CVS I No Competition I Strong Retail Corridor

700 Northside Dr, Summersville, WV 26651

Listing Price: $3,204,671

Cap Rate
7.00%
Tenant Name
CVS
Years Remaining On Lease
9.0
Gross SF
11,945
Guarantor
Corporate Guarantee
Rentable SF
11,945
Price/Gross SF
$268.29
Lease Type
Double Net
Rent Per Square Feet
$18.78

Investment Overview

Lease Corporately Guaranteed by CVS, The Largest Pharmacy Chain in the United States, with over 9,500 locations Nation-Wide and an S&P credit rating of BBB and a Moody’s Rating of Baa3. Double Net (NN) Leased CVS With Minimal Responsibilities Located at the Heavily Trafficked Signalized Intersection of Northside Drive and U.S. 19 with More Than 18,500 Vehicles Passing Daily

Investment Highlights

  • Subject Property is at the Entrance to Northside Professional Park and is Surrounded by a Host of the Nation's Most Successful Retailers Including Walmart, Lowe's, Sheetz, Wendy's, KFC, and Starbucks
  • Positioned within 1-Mile from Summersville Regional Hospital and Summersville Healthcare Center with Over 200 Beds Combined Thus Providing a Stable Customer Base
  • Subject Property is Strategically Located within 1-Mile from Numerous National Hotel Chains Including La Quinta Inn, Super 8, Hampton Inn, and Quality Inn
  • This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 13-Mile Radius Providing Long Term Stability

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (216) 264-2060

    License(s) WV: WVB250301068

    West Virginia

Financing By

Drug Store

CVS I No Competition I Strong Retail Corridor

Listing Price: $3,204,671

Cap Rate
7.00%
Tenant Name
CVS
Years Remaining On Lease
9.0
Gross SF
11,945
Guarantor
Corporate Guarantee
Rentable SF
11,945
Price/Gross SF
$268.29
Lease Type
Double Net
Rent Per Square Feet
$18.78

Investment Highlights

  • Subject Property is at the Entrance to Northside Professional Park and is Surrounded by a Host of the Nation's Most Successful Retailers Including Walmart, Lowe's, Sheetz, Wendy's, KFC, and Starbucks
  • Positioned within 1-Mile from Summersville Regional Hospital and Summersville Healthcare Center with Over 200 Beds Combined Thus Providing a Stable Customer Base
  • Subject Property is Strategically Located within 1-Mile from Numerous National Hotel Chains Including La Quinta Inn, Super 8, Hampton Inn, and Quality Inn
  • This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 13-Mile Radius Providing Long Term Stability

Investment Overview

Lease Corporately Guaranteed by CVS, The Largest Pharmacy Chain in the United States, with over 9,500 locations Nation-Wide and an S&P credit rating of BBB and a Moody’s Rating of Baa3. Double Net (NN) Leased CVS With Minimal Responsibilities Located at the Heavily Trafficked Signalized Intersection of Northside Drive and U.S. 19 with More Than 18,500 Vehicles Passing Daily

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (216) 264-2060

    License(s): WV: WVB250301068

    West Virginia

Financing By

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