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Drug Store

CVS/Pharmacy - Zero Cash Flow

2775 Godwin Blvd, Suffolk (Hampton Roads MSA), VA 23434

Listing Price: $4,233,046

Cap Rate
5.85%
Tenant Name
CVS
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
12,295
Lease Type
Absolute Net
Rent Per Square Feet
$20.16

Investment Overview

Marcus & Millichap is pleased to present the CVS/Pharmacy in Suffolk, VA.

Investment Highlights

  • Investment Grade Tenant, Rated BBB by S&P
  • Assumable Non-Recourse Debt with Only a 18% Equity Requirement
  • Fully-Amortizing Debt
  • 82% Return-to-Equity through Amortization in the First 5-Years of the Lease
  • 23-Years Remaining on Original 25-Year Absolute NNN Lease
  • Located Across from Sentara Obici Hospital
  • $94,426 Average Household Income within a One-Mile Radius

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Listing Price: $4,233,046

Cap Rate
5.85%
Tenant Name
CVS
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
12,295
Lease Type
Absolute Net
Rent Per Square Feet
$20.16

Investment Highlights

  • Investment Grade Tenant, Rated BBB by S&P
  • Assumable Non-Recourse Debt with Only a 18% Equity Requirement
  • Fully-Amortizing Debt
  • 82% Return-to-Equity through Amortization in the First 5-Years of the Lease
  • 23-Years Remaining on Original 25-Year Absolute NNN Lease
  • Located Across from Sentara Obici Hospital
  • $94,426 Average Household Income within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the CVS/Pharmacy in Suffolk, VA.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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