Prepared for
10/18/2016
Presented by Christian S. Marabella
Marabella Commercial Finance
(760) 803-6464
[email protected]
Properties for Sale
1
23865 FM 1314 Rd, Porter, TX 77365
Price
Building Size
Cap Rate
Property Sub-type
Status
$6,898,956
12,900 SF
5.75%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
The subject property is a CVS pharmacy located in Porter, Texas. CVS signed a 25-year lease which commenced in June of 2009, leaving just over 18 years
remaining on the initial lease term. This absolute net lease provides for zero landlord responsibilities. CVS, which is publicly traded on the New York Stock
Exchange under the ticker symbol CVS , has a current BBB+ credit rating by Standard & Poor's and reported annual revenues in excess of $139 billion in 2014.
2
500 N Carrollton Ave, New Orleans, LA 70119
Price
Building Size
Cap Rate
Property Sub-type
Status
$12,235,000
13,600 SF
5%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
SRS National Net Lease Group is pleased to present the rare opportunity to acquire a brand new, freestanding, absolute NNN, corporate guaranteed, CVS with
drive-thru located in New Orleans, LA. The tenant, Louisiana CVS Pharmacy, L.L.C., recently signed a brand new long-term 25-year absolute NNN lease with 4
(5-year) option periods. The lease is guaranteed by CVS Health Corporation (NYSE: CVS) with an investment grade credit rating of BBB+ from Standard &
Poor' s. The lease features 10% rental increases at the beginning of each option period, which generates NOI growth and hedges against inflation.
3
3711 W Davis St, Conroe, TX 77304
Price
Building Size
Cap Rate
Property Sub-type
Status
$9,266,000
14,600 SF
4.50%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
SRS National Net Lease Group is pleased to present the rare opportunity to acquire CVS Pharmacy, a corporate guaranteed, absolute NNN leased investment
property located in Conroe, Texas. The tenant, CVS Pharmacy, just signed a brand new 25-year lease with 6 (5-year) option periods. The lease features
extremely rare 10% rental increases in the initial term and at the beginning of each option period. It also features a corporate guaranty by CVS Pharmacy (S&P:
BBB+) and is absolute NNN with zero landlord responsibilities.
4
2425 E Desert Inn Rd, Las Vegas, NV 89121
Price
Building Size
Cap Rate
Property Sub-type
Status
$6,588,000
13,520 SF
6.20%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Free Standing Absolute Triple Net CVS with No Landlord responsibilities. Open 24 hours daily. Drive-thru location. Lease is 100% guaranteed by CVS Health
Corporation. Lease expires in 2029. Last 3 years of lease are rent abated. Tax advantaged investment to be calculated by Buyer's financial advisor. 3%
COMMISSION TO BUYER OR BUYER'S BROKER at close of escrow.
5
2402 Grand Avenue, Billings, MT 59102
Price
Building Size
Cap Rate
Property Sub-type
Status
$9,814,810
13,225 SF
5.60%
Street Retail
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
The subject property is a CVS Pharmacy located in Billings, Montana. CVS signed a 25-year lease which commenced in December of 2009, leaving
approximately 18 years remaining on the initial lease term. This absolute net lease provides for zero landlord responsibilities. CVS, which is publicly traded on
the New York Stock Exchange under the ticker symbol CVS , has a current BBB+ credit rating by Standard & Poor's and reported annual revenues in excess of
$139 billion in 2014.
6
1725 W Boughton Rd, Bolingbrook, IL 60490
Price
Building Size
Cap Rate
Property Sub-type
Status
$6,000,000
13,015 SF
5.85%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Marcus & Millichap is pleased to present this 13,015 square foot CVS Pharmacy with a MinuteClinic located in the village of Bolingbrook, approximately 30 miles
southwest of the Chicago, Illinois. CVS has over 13 years remaining on a double net NN lease with six, five-year renewal options featuring 10 percent
escalations in rent. This double-net lease requires CVS to pay for all expenses associated with the property with the exception of the roof, structure, and
replacement of the parking lot. The lease is backed by CVS Caremark Corporation, a publicly traded company (NYSE: CVS) that ranks #7 in the Fortune 500.
7
2233 West US-90, Lake City, FL 32025
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,479,360
11,945 SF
5%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
CVS/pharmacy, the retail division of CVS Health, is America' s leading retail pharmacy with 9,500+ retail drug stores in 49 states, D.C., Puerto Rico & Brazil and
is currently located in 98 of the top 100 drugstore markets. CVS/pharmacy sells a wide assortment of general merchandise, including over-the-counter drugs,
beauty products and cosmetics, photo finishing, seasonal merchandise, greeting cards and convenience items. The CVS/pharmacy loyalty card program,
ExtraCare®, is the largest retail savings & rewards program with 70M+ active member households. As of December 2015, CVS Health has completed an
approximate $1.9 billion acquisition of Target' s pharmacy and clinic businesses. The acquisition includes 1,672 pharmacies across 47 states and seventy-nine
Target clinic locations that will operate through a store-within-a-store format, branded as CVS/pharmacy and CVS MinuteClinic, respectively. In addition, a
CVS/pharmacy will be included in all new Target stores that offer pharmacy services.
8
12980 Bandera Road, Helotes, TX 78023
Price
Building Size
Cap Rate
Property Sub-type
Status
$8,460,000
13,176 SF
5.25%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
CVS Pharmacy is located at 12980 Bandera Road in Helotes, Texas. The 13,176-square foot pharmacy was constructed in 2009 and is situated on 2.21 acres
of land. The property is leased to CVS (absolute-net) through January of 2035,with ten (10) five-year options.CVS Health (NYSE: CVS) is a pharmacy
innovation company helping people on their path to better health. Through its more than 9,600 retail pharmacies, more than 1,100 walk-in medical clinics, a
leading pharmacy benefits manager with nearly 80 million plan members, a dedicated senior pharmacy care business serving more than one million patients per
year, and expanding specialty pharmacy services, the Company enables people, businesses and communities to manage health in more affordable and
effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs.
9
5981 W Broadway, McCordsville, IN 46055
Price
Building Size
Cap Rate
Property Sub-type
Status
$3,500,000
12,707 SF
5%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Absolute NNN CVS Pharmacy Ground Lease. Situated on 1.81 +/- acres, strategically located next to other national and regional retail tenants in the
McCordsville area. This property features a long term lease with a strong tenant that has more than 15 years remaining on original term with no landlord
responsibilities. Positioned for future growth as well as the area has seen Explosive Population growth of 49% since 2000. The property is situated on a
signalized corner intersection through the main thoroughfare of McCordsville. Household income in the area exceeds $113,000 within a 5 mile radius.
10
3581 Davis Dr, Morrisville, NC 27560
Price
Building Size
Cap Rate
Property Sub-type
Status
$5,614,705
13,360 SF
6.10%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Offering Price $6,642,196 - $1,027,491 (FULL BUYERS CREDIT) = $5,614,705 (6.10% cap)CVS Health Corporation is the largest pharmacy health care provider
in the United States. As a fully integrated pharmacy they believe they can drive value for customers by effectively managing pharmaceutical costs and
improving health care outcomes through pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services® ;
approximately 7,000 CVS/pharmacy ® retail stores; retail-based health clinic subsidiary, Minute Clinic ® ; and our online pharmacy.
11
6031 Fairburn Road, Douglasville, GA 30134
Price
Building Size
Cap Rate
Property Sub-type
Status
$5,911,727
13,013 SF
5.50%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at located at 6031 Fairburn in Douglasville, Georgia. The property
consists of 13,013 square feet of building space and sits on 1.28 acres of land.This CVS Pharmacy location is subject to a 25-Year double-net (NN) lease
which commenced on January 31, 2008. There are roughly 16.5 years remaining on the base term of the lease. The annual rent is $325,145. CVS has six, five
year tenant renewal options. The lease is corporately guaranteed by CVS Corporation.
12
246 E Gaines St, Lawrenceburg, TN 38464
Price
Building Size
Cap Rate
Property Sub-type
Status
$7,079,850
13,250 SF
4.95%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
This newer CVS fee simple is located in the city of Lawrenceburg which is the county seat of Lawrence County. The property has good access and exposure
as it sits on Locust Ave and Gaines St which are four-lane bidirectional commercial arterials. It is situated nearby Crockett Hospital (90 beds) and Children' s
Choice Pediatrics center at the busy intersection of E. Gaines St. and N. Locust Ave. Notable retailers in the area include: Walmart, Kroger, AutoZone, Advance
Auto, Sears, Rite Aid, Arby' s, McDonald' s, Wendy' s, Walgreens, Dollar General, Pizza Hut, Starbucks, Olive Garden and more!
13
259 Main Street, Haverhill, MA 01830
Price
Building Size
Cap Rate
Property Sub-type
Status
$9,590,476
11,795 SF
5.25%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 259 Main Street in Haverhill, Massachusetts. The property consists
of 11,795 square feet of building space and sits on 1.04 acres of land.This CVS Pharmacy location is subject to a 25-Year double-net (NN) lease which
commenced on January 31, 2007. There are roughly 15.5 years remaining on the base term of the lease. The current rent is $503,500 which is scheduled to
increase by six percent every five years. The next rental increase will come in 2017 and will continue through the five, six-year tenant renewal options. The
lease is corporately guaranteed by CVS Pharmacy.
14
505 W Main St, Delphi, IN 46923
Price
Building Size
Cap Rate
Property Sub-type
Status
$2,728,000
10,722 SF
5.50%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to exclusively offer the opportunity to purchase a 100% fee simple interest in a free standing CVS Pharmacy located in
Delphi, IN. CVS recently executed a new 20-year lease renewal and has demonstrated a history of strong sales at this location. They have operated at this
location for over 19 years. The subject property is the only national drugstore chain within a 12-mile radius, serving over 36,000 people within that range and is
the only drugstore in the city of Delphi.
15
246 E Gaines St, Lawrenceburg, TN 38464
Price
Building Size
Cap Rate
Property Sub-type
Status
$7,079,950
13,250 SF
4.95%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
This newer CVS fee simple is located in the city of Lawrenceburg which is the county seat of Lawrence County. The property has good access and exposure
as it sits on Locust Ave and Gaines St which are four-lane bidirectional commercial arterials. It is situated nearby Crockett Hospital (90 beds) and Children' s
Choice Pediatrics center at the busy intersection of E. Gaines St. and N. Locust Ave. Notable retailers in the area include: Walmart, Kroger, AutoZone, Advance
Auto, Sears, Rite Aid, Arby' s, McDonald' s, Wendy' s, Walgreens, Dollar General, Pizza Hut, Starbucks, Olive Garden and more!
16
3711 SE Frank Phillips Blvd, Bartlesville, OK 74006
Price
Building Size
Cap Rate
Property Sub-type
Status
$8,181,000
13,225 SF
5%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Cushman & Wakefield is pleased to present a 13,225± square foot freestanding CVS PHARMACY DRUG STORE branch completed in 2014 with 70 parking
spaces and one drive-thru lane.Leased for 25 years and guaranteed by CVS CAREMARK CORPORATION until 2040 (23 years remaining). The lease is
absolute net with the tenant responsible for all taxes, insurance and maintenance including roof and structure. There are six 5-year options to renew with 10%
rental increases in each option period.
17
1615 East Baseline Road, Phoenix, AZ 85042
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,482,946
13,813 SF
5.50%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
CBRE Retail Investment Properties is pleased to offer for sale this single-tenant NNN leased CVS Pharmacy (the Property) located on the hard SEC of 16th
Street and Baseline Road in Phoenix, Arizona. The offering consists of a 2005 constructed CVS that has approximately 8.5 years remaining on the initial lease
term. The building is ±13,813 rentable square feet on approximately 81,694 square feet of land. The investment opportunity offers a NNN lease with a CVS
corporate guarantee and has $0.50/SF bumps every 5 years throughout the four (4), 5-year option periods. CVS Health Corporation is publicly traded on the
New York Stock Exchange with stock symbol CVS and has an investment grade credit rating of BBB+. CVS has over 9,600 locations in 49 states, the District
of Columbia, Puerto Rico and Brazil employing more than 243,000 people across the world.
18
1410 East Dorothy Lane, Kettering, OH 45429
Price
Building Size
Cap Rate
Property Sub-type
Status
$3,850,000
11,000 SF
6.25%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to offer for sale to qualified investors a freestanding CVS Pharmacy located in Kettering (Dayton), Ohio.The lease is 100%
guaranteed by CVS Health Corporation with no Landlord responsibilities whatsoever. The lease has 6.5 years of term remaining and offers 10 renewal options.
19
2801 Far Hills Ave, Oakwood, OH 45419
Price
Building Size
Cap Rate
Property Sub-type
Status
$5,425,000
12,108 SF
6.25%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to offer for sale to qualified investors a freestanding CVS Pharmacy located in Oakwood (Dayton), Ohio.The lease is 100%
guaranteed by CVS Health Corporation with no Landlord responsibilities whatsoever. The lease has 6.5 years of term remaining and offers 10 renewal options.
20
4961 Monticello Blvd, Richmond Heights, OH 44143
Price
Building Size
Cap Rate
Property Sub-type
Status
$5,170,000
10,112 SF
6.25%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to offer for sale to qualified investors a freestanding CVS Pharmacy located in Richmond Heights (Cleveland), Ohio.The
lease is 100% guaranteed by CVS Health Corporation with no Landlord responsibilities whatsoever. The lease has 6.5 years of term remaining and offers 10
renewal options.
21
4000 Hauck Rd, Sharonville, OH 45241
Price
Building Size
Cap Rate
Property Sub-type
Status
$3,960,000
10,125 SF
6.25%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to offer for sale to qualified investors a freestanding CVS Pharmacy located in Sharonville (Cincinnati), Ohio.The lease is
100% guaranteed by CVS Health Corporation with no Landlord responsibilities whatsoever. The lease has 6.5 years of term remaining and offers 10 renewal
options.
22
470 S Torrence Ave, Calumet City, IL 60409
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,345,000
12,442 SF
6%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to offer for sale to qualified investors a CVS Pharmacy located in Calumet City, Illinois. The subject property is fully leased to
and guaranteed by CVS Health Corporation (NYSE: CVS). The lease features a 25-year base term with 12.3 years remaining and 10 renewal options at 5
years each.For the twelve-month period ended December 31, 2015, CVS Health Corporation had total revenue of $153.29 billion, net income of $5.23 billion and
a net worth in excess of $37.19 billion. CVS currently holds a Standard & Poor' s credit rating of BBB+/Stable.
23
74 Main Ave, Wynantskill, NY 12198
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,150,000
8,775 SF
5.09%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
This is a rare CVS/pharmacy net leased offering in Upstate New York. The lease calls for minimal landlord obligations with scheduled rental increases at each
of the four 5 year options. The asset is well situated on a major commercial thoroughfare and is surrounded by major retailers including McDonald' s, Dunkin'
Donuts and Family Dollar. The landlord is responsible for the roof, structure and parking surface. Parking lot has been newly paved. There is additional income
through management fees and CAM reimbursement from both the tenant and the tenant of the adjacent property which shares parking with the subject
property.
24
3500 Stine Rd, Bakersfield, CA 93309
Price
Gross Leasable Area
Cap Rate
Property Sub-type
Status
$3,000,000
25,739 SF
5.90%
Neighborhood Center
Active
Property Description
CVS Pharmacy Corporate guaranteed lease; price reduction!
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
25
100 Providence Main Street NW, Huntsville, AL 35806
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,675,000
13,013 SF
6.21%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Marcus & Millichap is pleased to present the opportunity to purchase a well located CVS Pharmacy condominium in Huntsville, Madison County, AL. CVS is
located in a two story brick building which was constructed in 2005. The building is 28,461 square feet total and divided into two condominiums, separated by
top and bottom floors. CVS occupies the bottom floor which consists of 13,013 square feet and the top floor is 15,448 square feet and is occupied by an
Ophthalmologist. The site is 2.13 acres and located on the corner of the lighted intersection of Highway 72 and Providence Main Street with strong traffic
counts of 47,130. Located less than ½ mile from the subject property is Cummings Research Park, one of the largest and most respected research parks in the
world. It consists of 3,843 acres, 11.8 million square feet of leasable space, and 300 companies with 30,000 employees.
26
28995 Newport Road, Menifee, CA 92584
Price
Building Size
Cap Rate
Property Sub-type
Status
$9,450,000
17,185 SF
4.50%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Single-Tenant Rite Aid: -New 20-year NNN lease-5% increase in year 10-Six 5-year options at 5% increases every 10 years-Corporate guaranteed-Brand new
2016 construction (Scheduled Completion October 2016)-3rd largest U.S. drug store chain with over 4,500 locationsLimited Drug Store Competition: There are
no competing drug stores in the immediate trade area.Located at the Signalized Intersection of Newport Road and Menifee Road: A Stater Bros. and
CVS/pharmacy anchored center is currently being developed, which will further define this intersection as the daily needs destination for the nearby residential
communities.
27
2725 Greensboro Rd, Martinsville, VA 24112
Price
Building Size
Cap Rate
Property Sub-type
Status
$3,974,335
10,000 SF
6.30%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
This is a rare CVS/pharmacy NNN leased offering in Martinsville, VA. The 100% fee simple interest lease called for zero landlord obligations. There are thirteen
(13) years remaining on the initial term (13 Years of Rent, followed by a 39-month rent Holiday). The asset is well-situated on a major retail corridor.
28
2000 Driscoll Road, Fremont, CA 94539
Price
Building Size
Cap Rate
Property Sub-type
Status
$7,950,000
16,224 SF
4.24%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Marcus & Millicap is pleased to present a rare San Francisco Bay Area CVS Health Corpoation (CVS) net leased investment located in the affluent Mission Jose
area of Fremont, California. CVS just exercised its 5 year option showing a commitment to this location. There are approximately 5 years remaining on the lease
with 2-five year options and 1-four year option with each option providing a very rare 7% rent increase. CVS is the nation's #2 drugstore chain and a leading
pharmacy benefits manager with nearly 65 million plan members. Record revenue and earnings helped CVS return more than $6 bilion to shareholders.CVS
operates over 7,800 stores and is publicly traded on the New York Stock exchange under the ticker symbol "CVS". CVS has a credit rating of BBB+ by
Standard and Poor's and was ranked #7 in Fortune 500 list.
29
31010 John R Road, Madison Heights, MI 48071
Price
Building Size
Cap Rate
Property Sub-type
Status
$3,250,000
10,880 SF
5.55%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
. Rare Sam's Club Out Lot; High Visible Location. Standard & Poor's Rated BBB+ (Highest Credit Rating of the Top 3 Drug Store Chains). Fee Simple Ground
Lease with Drive Thru. No Landlord Responsibilities; Absolute NNN. High Trafficked Intersection with over 60,000 VPD. High Density Demographics; Neighboring
City of Troy. NEC of John R and 13 Mile Roads with Ingress/Egress to Both Roads
30
5310 Rockville Road, Indianapolis, IN 46224
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,960,131
14,820 SF
6.10%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Offering Price $5,867,835 - $907,704 (Full Buyers Credit) = $4,960,131 (6.10% cap)CVS Health Corporation (formerly CVS Caremark Corp.) together with its
subsidiaries is one of the largest pharmacy health care providers in the United States; with integrated offerings across the entire spectrum of pharmacy
care.CVS is unique among the big three retail drugstore chains (Walgreen's, Rite Aid, CVS), in that it operates its own pharmacy benefit management ("PBM"),
and is thus, an integrated pharmacy health care provider. CVS's offeringsinclude pharmacy benefit management services; mail order, retail and specialty
pharmacy; disease management programs; and retail clinics. CVS operates drugstores throughout the U.S., the District of Columbia, and PuertoRico. As of
December 31, 2014, CVS operated 7,599 retail locations. Its stores sell prescription drugs, as well as other products such as nonprescription medications,
health and beauty aids, and cosmetics.
31
2020 S. Walnut Ave, New Braunfels, TX 78130
Price
Building Size
Cap Rate
Property Sub-type
Status
$5,505,000
12,900 SF
4.50%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
LemRx Realty Advisors is pleased to offer an opportunity to acquire the fee simple interest in a corporate guaranteed, freestanding, single tenant, absolute
NNN leased CVS Pharmacy with a drive-thru, located in New Braunfels, TX. The lease features Fair Market Value increases during Option Periods 3 to 10, each
with 5 years. There are currently +/-24 years remaining on the primary term.
32
8405 Southeastern Ave, Indianapolis, IN 46239
Price
Building Size
Cap Rate
Property Sub-type
Status
$3,900,000
13,013 SF
6%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Stan Johnson Company is pleased to offer for sale to qualified investors a CVS Pharmacy located in Indianapolis, IN. The subject property is fully leased to and
guaranteed by CVS Health Corporation (NYSE: CVS). The lease features a 25 year base term with just under 13 years remaining and 10 renewal options at 5
years each.For the twelve month period ended December 31, 2015, CVS Health Corporation had total revenue of $153.29 billion, net income of $5.23 billion and
a net worth in excess of $37.19 billion. CVS currently holds a Standard & Poor' s credit rating of BBB+/Stable.
33
278 East Main St, Milton, WV 25541
Price
Building Size
Cap Rate
Property Sub-type
Status
$4,124,260
12,082 SF
5%
Free Standing Bldg
Active
Property Notes
Presented by Christian S. MarabellaMarabella Commercial
Finance(760) [email protected]
Property Description
Thomas Company is pleased to offer for sale a recently constructed, unlevered CVS store located in Milton, WV. The property is offered free and clear of debt.
The property has a new 25-year triple-net lease in place with no landlord responsibilities and no rent holiday.