We're Selling CVS Nationwide

CVS/Pharmacy - 7.50% Blended Cap Rate 7.25% CAP | 7,011 SF | HYDE PARK, NY

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 CVS/Pharmacy located at 4170 Albany Post Road in Hyde Park, Dutchess County, New York, featuring rare annual rent increases to hedge against inflation and strategically located less than one-quarter mile north of the highly visited Franklin D. Roosevelt National Historic Site. The subject property consists of a single-story 7,011 square foot freestanding structure positioned on a one-acre lot with 48 parking spaces. This double net (NN) leased CVS/Pharmacy asset has just under four (4) years remaining on the lease base term (expiration January 2023) and features annual three (3) percent rent increases along with four, five year tenant options to extend. The lease is corporately guaranteed by CVS Health Corporation, the 7th largest company in the Fortune 500 index with an S&P credit rating of BBB and revenues of $194.6 billion for fiscal year 2018. 

 Details : Retail Lease Type NN Tenant Credit Corporate Guarantee Tenancy Single

Lease Expiration 01/31/2023 Remaining Term 3.3 years Square Footage 7,011 Price/Sq Ft $328.06 Cap Rate 7.25% NOI $166,860

Permitted Zoning Commercial/Retail Lot Size (acres)1 Parking (spaces) 48 APN 23-04-25-020392-008-04 Lease Options 4, 5-Year Option

 Rent Schedule Lease Type Double Net (NN) TERM START/END DATE INCREASES BLENDED CAP Base Nov. 2014 - Nov. 2019 Flat - Base Nov. 2019 - Jan. 2023 3% Annual 7.50% Option 1 Feb. 2023 - Jan. 2028 3% Annual 8.67% Option 2 Feb. 2028 - Jan. 2033 3% Annual 10.05% Option 3 Feb. 2033 - Jan. 2038 3% Annual 11.65% Option 4 Feb. 2038 - Jan. 2043 3% Annual 13.51%  Courtesy of  Marcus & Millichap 

CVS Pharmacy | Recent 10 Yr Extension | College Town Location | Smaller Price Point | 6.5% $3,004,430

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PROPERTY ADDRESS : 13 PORT WATSON ST. CORTLAND, NY 13045

ESTABLISHED & SUCCESSFUL PHARMACY - CVS has been successfully operating here since 1998 and has extended its lease numerous times, most recently for another 10 years, showing a strong commitment to this location

COLLEGE TOWN LOCATION
The State University of New York (SUNY) College at Cortland is located just 0.5 miles from CVS with over 6,800 students enrolled

INVESTMENT GRADE CREDIT - The lease is corporately guaranteed by CVS,an investment grade credit tenant, rated “BBB” by Standard & Poor's

SMALL PRICE POINT - At just over $3M this is a small price point for an investment grade pharmacy with lease term

DENSE INFILL SITE In-town, easily walkable location surrounded by numerous local businesses, restaurants and residential homes

EASILY ACCESSIBLE CVS is ideally located just 1 mile from the on/off ramps of I-81 with traffic counts over 22,000 vehicles per day

RENTAL INCREASES - There are 8% rental increases in each of the three, five year lease renewals remaining OM  VIDEO

ALL BRICK CONSTRUCTION The property features all brick construction and offering low deferred maintenance. Courtesy of CBRE  

345 Main St - CVS 10,125 SF Retail Building Offered at $3,247,820 at a 7.25% Cap Rate in Johnson City, NY

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HIGHLIGHTS

  • CVS has been successfully operating here since 1997 and has extended its lease numerous times, most recently for another 5 years
  • Dense infill location directly across Main Street from UHS Medical Center, a 280 bed regional hospital
  • CVS is located immediately of Interstate 86, the main East/West corridor across Southern NY with traffic counts exceeding 63,000 vehicles per day
  • The lease is corporately guaranteed by CVS, an investment grade credit tenant, rated “BBB” by Standard & Poor's

* At just over $3.2M this is a small price point for an investment grade pharmacy offering a going in yield of 7.25%

* Excellent visibility along N Main Street, a major throughway in Johnson City with traffic counts of 12,500 vehicles per day

* Sale Conditions-Investment Triple Net Tenancy : Single Property Type Retail Parking Ratio 6.22/1,000 SF Property Sub-type Drug Store Zoning Description CBD B/D Class BAPN  Lot Size1.26 AC.Courtesy of CBRE  OM  VIEW PROPERTY VIDEO

CVS Pharmacy - Queens, New York

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CVS - 10% INCREASES- BRAND-NEW 25-YEAR LEASE


61-15 Metropolitan Avenue Ridgewood, NY 11385 

Price: $ 19,699,347 Occupancy 100% Building Size13,482 SFNo. Stories 1 Property Type Retail Tenancy Single Property Sub-type Free Standing Bldg Year Built 2012 Property Use Type Net Lease Investment with 10+ years left on leaseLot Size1.38 AC Cap Rate 5.68%  Courtesy of Marcus & Millichap  VIDEO

Just Listed

CVS Pharmacy Pleasant Grove, AL | 13+ Years Remaining | Price: $4,275,000

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 Property Highlights 

  • Long Term Lease| Over 13.5+ Years Remaining * Established Location - In Operation Since 2001
  • Lease is Corporately Guaranteed by CVS Health | S&P “BBB+” * Store Recently Approved for “Refresh Remodel” by CVS
  • Five (5), Five-Year Option Periods with Rental Increases. * Prototypical Freestanding CVS Equipped with Drive-Thru
  • 1-Mile Average Household Income: $65,533 108 Park Rd | Pleasant Grove, AL 35127 CVS PHARMACY - BIRMINGHAM MSA 

Courtesy of  Encore Real Estate Investment Services   VIEW PROPERTY VIMEO  

CVS - UNIV. OF GEORGIA - NEAR HOSPITALS 5.35% CAP | 14,781 SF | Athens, GA $8,470,000

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Retail Sub Type NNN Investment Type Net Lease

Class A Lease Type Absolute NNN Tenant Credit Credit Rated

Tenancy Single Lease Expiration 01/31/2035 Remaining Term 15.3 years

Square Footage 14,781 Price/Sq Ft $573.03

Cap Rate 5.35% NOI $453,127 Units 1 Year Built 2009

Stories 1 Lot Size (acres) 2.47 Parking (spaces) 63 

Lease Options10, 5-Year Options Ownership Fee Simple

795 Oglethorpe Ave, Athens, GA 30606  Courtesy of Marcus & Millichap   

CVS/Pharmacy - Limited Competition 5.64% CAP 11,945 SF DANVILLE, VA

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Property Type Retail Sub Type NNN Investment Type Net Lease
Class A Lease Absolute NNN Corporate Guarantee Tenancy Single
Lease Expiration 01/31/2034 Remaining Term 14.3 years
Square Footage 11,945 Net Rentable (sq ft) 11,945
Price/Sq Ft $447.89 Cap Rate 5.64% NOI $301,789
Year Built 2008 Stories 1 Lot Size (acres) 1.3 Parking (spaces) 69
Rent Bumps Yes Lease Options 10, 5-Year Options
Ownership Fee Simple  Courtesy of Marcus & Millichap 

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JUST LISTED Long-Term CVS Florida Tax Free State

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5610 OVERSEAS HIGHWAY, STOCK ISLAND, FLORIDA 

Ownership Type Fee Simple Price :$9,220,000 Cap Rate:4.70% Current Rent: $433,320 Lease: Triple Net Remaining Term:Approx. 20+ years   

Renewal Options: Yes Building Sq. Ft.:14,600 Site Size:2.51  

Courtesy of  STREAM Capital Partners 

CVS $5,191,567 | 6.00% CAP | West Palm Beach, FL

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Property Type Retail Tenancy Single Net Lease Lease  Absolute NNN

Lease Expiration 07/23/2027 Remaining Term 7.8 years

Square Footage 12,739 Price/Sq Ft $407.53

Cap Rate 6.00% NOI $311,494 Units 1 Year Built 2002

Lease Options Five 5 Year Courtesy of The Boulder Group 

Rite Aid For Sale

Opportunity Zone Walgreens 6.45% CAP | 10,908 SF | NORWICH, NY

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82 N Broad St, Norwich, NY 13815

Asking Price: $3,652,915 

 Property Type Retail

Investment Type Net Lease Lease Type NN

Tenancy Single

Lease Expiration 12/07/2028

Remaining Term 9.2 years

Square Footage 10,90 Price/Sq Ft$334.88

Cap Rate 6.45% NOI $235,613 Units 1

Lease Options Two 5-Year By The Boulder Group

1301 STATE ST DELMAR, MD 21875

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PRICE: $6,153,375 CAP RATE: 8.00% 

YEAR BUILT: 2005  LOT SIZE:1.749 Acres

BUILDING SQUARE FOOTAGE:14,564

 TYPE OF OWNERSHIP:Fee Simple 

LEASE GUARANTOR:Corporate Guarantee

LEASE TYPE: NNN LEASE TERM: 20 Years

ROOF AND STRUCTURE:Landlord Responsible RENT:5/26/2005 LEASE EXPIRATION:5/25/2026

 TERM REMAINING ON LEASE:7 Years 

INCREASES:In the Options OPTIONS: 5x5 Years 

Courtesy of CBRE

Rite Aid 7.00% CAP | 12,738 SF CORTLANDVILLE, NY

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1067 State Rte 222, Cortlandville, NY 13045

 Asking Price: $3,282,786 

Investment Type Net Lease

Lease Type NN

Tenancy Single

Lease Expiration 09/27/2028

Remaining Term 9 years

Square Footage 12,738 Price/Sq Ft $257.72

Cap Rate 7.00% NOI $229,79

By The Boulder Group and Lee & Associates

Walgreens For Sale

WALGREENS ABS NET LEASE 6.20% CAP 14,805 SF IRONDEQUOIT, NY Asking Price:$6,338,710

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2100 E Ridge Road, Irondequoit, NY 14622  Property Type: Retail Remaining Term 61.4 years

 Rent Commencement 03/01/2006 Lease Expiration 02/28/2081 Square Footage14,805 Price/Sq Ft $428.15

Cap Rate 6.20% NOI $393,000 Year Built 2006 Lot Size (acres)1.439  Courtesy of  The Mansour Group

Walgreens - 6.03% CAP CHESTERTOWN,New York

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 Asking Price: $2,130,000 

 6272 U.S. 9, Chestertown, NY 12817

Property Type Retail Investment Type Net Lease

Lease Type NNN Tenancy Single
Lease Expiration 08/31/2031 Remaining Term 11.8 years
Cap Rate 6.03% NOI $128,496 Courtesy of Silber Properties

Walgreens 6.25% CAP | 11,926 SF | OSWEGO, NY

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Asking Price:$10,558,528 

 Property Type Retail Lease Type Absolute NNN
Tenant Credit Credit Rated Tenancy Single
Square Footage 11,926 Price/Sq Ft $885.34
Cap Rate 6.25% NOI $659,908 Lease Options (3) 5 Year Options

 Courtesy of  Legacy Real Estate Advisors

Our Triple Net Pharmacy Listings and Partners

Our Courtesy of listing Partners

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