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

$2,085,313

2427 Main Street, Rocky Hill, CT 06067

For Sale

Retail Free Standing

Pending

Last Updated: 02/08/2021

Details:

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

Offered by

Clifton McCrory

Head of Business Development

Sands Investment Group

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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.

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