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Drug Store

CVS Pharmacy

1003 N Main St, Adrian, MI 49221

Listing Price: $6,014,000

Cap Rate
5.55%
Tenant Name
CVS
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
11,927
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.99

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Adrian, Michigan. The property consists of roughly 11,927 rentable square feet of building space on an estimated 2.30-acre parcel of land. The property features a convenient double drive-through lane to accommodate the large amount of traffic the site experiences. This is the only CVS in the town of Adrian and it is centrally located among numerous educational institutions and other national retailors. This CVS is the closest pharmacy to the two colleges in the area (Sienna Heights and Adrian University), and is located in the main retail corridor for the town. The site is true NNN with zero landlord responsibilities, making this an ideal passive investment.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 10 Years of Term Remaining
  • Over 25K Vehicles Per Day Pass the Site | Closest Pharmacy for Two Colleges
  • Double Drive-Through CVS on a 2.30 Acre Lot

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Listing Price: $6,014,000

Cap Rate
5.55%
Tenant Name
CVS
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
11,927
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.99

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 10 Years of Term Remaining
  • Over 25K Vehicles Per Day Pass the Site | Closest Pharmacy for Two Colleges
  • Double Drive-Through CVS on a 2.30 Acre Lot

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Adrian, Michigan. The property consists of roughly 11,927 rentable square feet of building space on an estimated 2.30-acre parcel of land. The property features a convenient double drive-through lane to accommodate the large amount of traffic the site experiences. This is the only CVS in the town of Adrian and it is centrally located among numerous educational institutions and other national retailors. This CVS is the closest pharmacy to the two colleges in the area (Sienna Heights and Adrian University), and is located in the main retail corridor for the town. The site is true NNN with zero landlord responsibilities, making this an ideal passive investment.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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