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Drug Store

CVS/Pharmacy I No National Pharmacy Competition

101 Clarence E Chesnut Jr Bypass, Centre, AL 35960

Listing Price: $2,671,600

Cap Rate
6.25%
Tenant Name
CVS/pharmacy
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Absolute Net
Rent Per Square Feet
$16.49

Investment Overview

Absolute NNN CVS/pharmacy with No Landlord Responsibilities: Situated at the Highly Trafficked Signalized Intersection of Clarence E Chestnut Bypass and Cedar Bluff Road. Strategic Location with No Major Competition: No Walgreens or CVS Competition within a 15 Mile Radius. Corporate Guarantee: Lease Corporately Guaranteed by CVS (S&P Rating of BBB). Extended Lease Term: Lease Features Over 8-Years, Free Rent Period in the Final Three Lease Years with Seller to Credit Buyer the Value of Three Rent Years at Closing. Low, Replaceable Rent: Rent is Just $16.49 Providing Additional Asset Security.

Investment Highlights

  • Absolute NNN CVS/pharmacy with No Landlord Responsibilities: Situated at the Highly Trafficked Signalized Intersection of Clarence E Chestnut Bypass and Cedar Bluff Road
  • Strategic Location with No Major Competition: No Walgreens or CVS Competition within a 15 Mile Radius
  • Corporate Guarantee: Lease Corporately Guaranteed by CVS (S&P Rating of BBB)
  • Extended Lease Term: Lease Features Over 8-Years, Free Rent Period in the Final Three Lease Years with Seller to Credit Buyer the Value of Three Rent Years at Closing
  • Low, Replaceable Rent: Rent is Just $16.49 Providing Additional Asset Security

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Drug Store

CVS/Pharmacy I No National Pharmacy Competition

Listing Price: $2,671,600

Cap Rate
6.25%
Tenant Name
CVS/pharmacy
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Absolute Net
Rent Per Square Feet
$16.49

Investment Highlights

  • Absolute NNN CVS/pharmacy with No Landlord Responsibilities: Situated at the Highly Trafficked Signalized Intersection of Clarence E Chestnut Bypass and Cedar Bluff Road
  • Strategic Location with No Major Competition: No Walgreens or CVS Competition within a 15 Mile Radius
  • Corporate Guarantee: Lease Corporately Guaranteed by CVS (S&P Rating of BBB)
  • Extended Lease Term: Lease Features Over 8-Years, Free Rent Period in the Final Three Lease Years with Seller to Credit Buyer the Value of Three Rent Years at Closing
  • Low, Replaceable Rent: Rent is Just $16.49 Providing Additional Asset Security

Investment Overview

Absolute NNN CVS/pharmacy with No Landlord Responsibilities: Situated at the Highly Trafficked Signalized Intersection of Clarence E Chestnut Bypass and Cedar Bluff Road. Strategic Location with No Major Competition: No Walgreens or CVS Competition within a 15 Mile Radius. Corporate Guarantee: Lease Corporately Guaranteed by CVS (S&P Rating of BBB). Extended Lease Term: Lease Features Over 8-Years, Free Rent Period in the Final Three Lease Years with Seller to Credit Buyer the Value of Three Rent Years at Closing. Low, Replaceable Rent: Rent is Just $16.49 Providing Additional Asset Security.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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