CVS | Absolute Triple Net (NNN) Lease Hold Interest Investment Opportunity

2427 Main Street, Rocky Hill, CT

   SOLD!   

$2,085,313

Price

8%

Cap Rate

$166,825

NOI

Gallery
Street
Map
Overview
Cap Rate
8%
NOI
$166,825
Building Size
10,188 sqft
Lot Area
1.314 acres
Lease Type
Absolute Net
Year Built
2000
Price Per Sqft
$204.68
Roof
Tenant’s Responsibility
HVAC
Tenant’s Responsibility
Floor
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,188 SF CVS Pharmacy Located at 2427 Main Street in Rocky Hill, CT. With Over 11 Years Remaining on an Absolute Triple Net (NNN) Lease Hold Interest With No Landlord Responsibilities, this Opportunity Provides a Secure Investment with an Established Tenant.

In Cooperation with Venture Retail Partners, LLC
BoR: Andrew Callahan – Lic. REB.0791301

Highlights
  • 11+ Years Remaining on an Absolute NNN Lease Hold Interest– No Landlord Responsibilities
  • On Strong Signalized Intersection With Close Proximity to the Connecticut River
  • Established, High Credit Single Tenant Pharmacy Store – CVS has Over 9,800 Location Across the US
  • Less Than 1-Mile To Hwy 91 With Over 147,000 Vehicles Passing By Rocky Hill - Excellent Visibility and Exposure
  • Corporate Guarantee From CVS Health Corporation (NYSE: CVS), S&P Investment Grade Credit Rating of “BBB”
  • Excellent Demographics – Affluent Neighborhood of Over 540,994 People Within a 10-Mile Radius
  • Attractive Rent Increase – Increasing 10% Every Five Years with Recent Increase this Year
  • Over 78,000 Daytime Employees Within a 5-Mile Radius of the Pharmacy Store
  • Nearby Tenants Include: Subway, McDonald’s, Walmart, Stop & Shop, KFC, Wendy’s, Buffalo Wild Wings, Denny’s, Planet Fitness, TJ Maxx, Starbucks, Marshalls, Bed Bath & Beyond, Panera Bread, ALDI, Dunkin’ Donuts, Wayback Burger, Sears etc.
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