Drug Store
CVS/Pharmacy I No National Pharmacy Competition
101 Clarence E Chesnut Jr Bypass, Centre, AL 35960
Listing Price: $2,671,600
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.
CVS/Pharmacy I No National Pharmacy Competition
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
Drug Store
CVS/Pharmacy I No National Pharmacy Competition
Listing Price: $2,671,600
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
