NNN Corporate CVS Ground Lease
861 Central Ave
Franklin, NH
Click here to view the Bird's Eye View
Contact: Steve Schroeder 954-593-6466
Stevenschroe@gmail.com
 


 
Price:
$1,490,000
NOI:
$100,000
Cap Rate: 6.75%
Rent Increases: 5% Every 5 Years
Building Size: 13,255± SF
Lot Size: 4.06± Acres
Options: 4 x Five Years
Year Built:
2009
Lease Commencement:
July 16, 2009
Lease Expiration:
January 26, 2034
Net Lease Investment:
Yes - NNN Ground Lease
If you are interested in this property, feel free to contact the Solid Investments Team!
Via E-Mail
Steven Schroeder


Property:
 NNN CVS - NH
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Via Phone:
Solid Investments
Steven Schroeder
O: 954-492-9431

Property Description:
Brand New Absolute NNN 25 year ground lease CVS with rare 5% rent bumps every 5 years! Zero landlord obligations! Lease commenced in July 2009 and Expires 2034. This 4.06 acre parcel contains a 13,225 SF free standing CVS (NYSE:CVS | S&P–BBB+) as well as a 5,000 SF approved retail pad slated for future development. Double Drive Thru with 94 parking spaces. 18,700 ADT. Lowest Priced CVS on the Market!

Location: Click here to view the Bird's Eye View
This site sits at a brand new lighted intersection on the corner of Central Street and Damy Drive with a Family Dollar, AutoZone & McDonald's across the street.

About the Tenant: (NYSE: CVS) (Investment Grade S&P Rated: BBB+)
CVS: www.cvs.com - The CVS pharmacy chain fills more prescriptions at more drugstores than any other drugstore operator. Following its acquisitions of the Eckerd chain and stores from Albertsons, CVS operates approximately 6,200 stores in some 40 states. More recently, CVS purchased prescription benefits management (PBM) firm Caremark Rx for about $26.5 billion. In 2007 CVS plans to open 100 new drugstores and add up to 300 MinuteClinic locations. Acquired by CVS in 2006, Minneapolis-based MinuteClinic operates health clinics inside retail stores. The CVS subsidiary runs more than 150 clinics in nearly 20 states.

  
Financial Summary

Actual
NOI $100,000
 
  • Corporate 25 Year NNN CVS Ground Lease
  • 5% Rent Inceases Every 5 Years!
  • Brand New 2009 Construction
  • Zero Landlord Obligations
 
   
   
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