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Drug Store

CVS/PHARMACY

902 Gastonia Hwy, Bessemer City, NC 28016

Listing Price: $3,050,000

Cap Rate
6.23%
Tenant Name
CVS
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Double Net
Rent Per Square Feet
$18.77

Investment Overview

OVER 45,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $56,404 LOCATED 28 MILES WEST OF CHARLOTTE

Investment Highlights

  • NN LEASE - LANDLORD RESPONSIBLE FOR ROOF & STRUCTURE (ROOF REPLACED IN 2016 WITH WARRANTY)
  • CORPORATE CVS GUARANTY (S&P BBB)
  • LONG TERM OCCUPANCY (OVER 22 YEARS)
  • THREE - FIVE YEAR OPTIONS (3% RENT INCREASES IN EACH OPTION)
  • LEASE LAST EXTENDED IN 2019 (OPTION 1)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Listing Price: $3,050,000

Cap Rate
6.23%
Tenant Name
CVS
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Double Net
Rent Per Square Feet
$18.77

Investment Highlights

  • NN LEASE - LANDLORD RESPONSIBLE FOR ROOF & STRUCTURE (ROOF REPLACED IN 2016 WITH WARRANTY)
  • CORPORATE CVS GUARANTY (S&P BBB)
  • LONG TERM OCCUPANCY (OVER 22 YEARS)
  • THREE - FIVE YEAR OPTIONS (3% RENT INCREASES IN EACH OPTION)
  • LEASE LAST EXTENDED IN 2019 (OPTION 1)

Investment Overview

OVER 45,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $56,404 LOCATED 28 MILES WEST OF CHARLOTTE

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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