Overview

Description

CVS – Phoenix, AZ

• Ownership: Leasehold
• Full Rent Holiday Credit: $1,002,930
• Price After Rent Holiday Credit: $3,772,927
• Cap Rate After Rent Holiday Credit: 8.9%
• NOI: $334,310
• Lease Term: 25 Years
• Lease: Absolute Net Bond Leasehold Interest w/ No Landlord Obligations
• Size: 14,342 SF on 1.95 Acres

Location: 3560 West Peoria Avenue | Phoenix, AZ 85029 - MAP LINK

Built to suit CVS in 2009. The lease is corporate backed by CVS holding a S&P credit rating of BBB+.

Key aspects about the area:

• Phoenix MSA is the 10th Largest MSA in The Country | 5M+ Population
• Within 2.7 Miles of Arizona State University West Campus | 64,716 Students Currently Enrolled
• Dallas-Fort Worth MSA Population Exceeds 7.75M+
• Busy Intersection with Combined Traffic Counts Exceeding 69,441.
• Affluent Community W/ 5-Mile AHHI of $70,487

1 mile: 17,724 Population | 3 mile: 186,319 Population | 5 mile: 450,617 Population

AHHI: 1 mile: $65,776| 3 mile: $63,230| 5 mile: $70,487

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