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Drug Store

CVS/Pharmacy | Zero Cash Flow

3319 Nameoki Rd, Granite City (St. Louis MSA), IL 62040

Listing Price: $3,995,578

Cap Rate
5.95%
Tenant Name
CVS
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
12,295
Lease Type
Absolute Net
Rent Per Square Feet
$19.35

Investment Overview

Marcus & Millichap is pleased to present the CVS/Pharmacy in Granite City, IL.

Investment Highlights

  • Investment Grade Tenant, Rated BBB by S&P
  • Assumable Non-Recourse Debt with Only a 16.7% Equity Requirement
  • Fully-Amortizing Debt
  • 90% Return-to-Equity Through Amortization in the First 5-Years of the Lease
  • 23-Years Remaining on Original 25-Year Absolute NNN Lease
  • 23-Years Remaining on Original 25-Year Absolute NNN Lease

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Financing By

Listing Price: $3,995,578

Cap Rate
5.95%
Tenant Name
CVS
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
12,295
Lease Type
Absolute Net
Rent Per Square Feet
$19.35

Investment Highlights

  • Investment Grade Tenant, Rated BBB by S&P
  • Assumable Non-Recourse Debt with Only a 16.7% Equity Requirement
  • Fully-Amortizing Debt
  • 90% Return-to-Equity Through Amortization in the First 5-Years of the Lease
  • 23-Years Remaining on Original 25-Year Absolute NNN Lease
  • 23-Years Remaining on Original 25-Year Absolute NNN Lease

Investment Overview

Marcus & Millichap is pleased to present the CVS/Pharmacy in Granite City, IL.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

Financing By

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