CVS Pharmacy (Lease-Hold Interest)

$2,000,000

2427 Main Street, Rocky Hill, CT 06067

For Sale

Retail Free Standing

Active

Last Updated: 09/20/2021

Details:

Cap Rate: 7.89%

NOI: $157,808

Building Size: 10,188 sqft

Lot Area: 1.26 acres

Lease Type: Absolute Net

Year Built: 2000

Price Per Sqft: $196.31

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:

Over 9 Years Remaining on an Absolute Triple Net (NNN) Lease Hold Interest With No Landlord Responsibilities
Established, High Credit Single Tenant Pharmacy Store – CVS has Over 9,900 Location Across the U.S.
Corporate Guarantee From CVS Health Corporation (NYSE: CVS), S&P Investment Grade Credit Rating of “BBB”
Strong Sales – Above National Average For CVS
Attractive Rent Increase – Increasing 10% Every 5 Years With Recent Increase This Year
On Strong Signalized Intersection With Close Proximity to the Connecticut River
Less Than 1-Mile to Interstate 91 With Over 148,700 Vehicles Passing By Rocky Hill – Excellent Visibility and Exposure
Strong Demographics – Affluent Neighborhood of Over 542,882 People Within a 10-Mile Radius
Over 72,000 Daytime Employees Within a 5-Mile Radius of the Pharmacy Store
Nearby Tenants Include: Subway, ALDI, McDonald’s, Walmart, Wendy’s, Buffalo Wild Wings, Denny’s, Planet Fitness, Starbucks, T.J. Maxx, Marshalls, Panera Bread, Dunkin’ Donuts and More

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 9 Years Remaining on an Absolute Triple Net (NNN) Lease Hold Interest With No Landlord Responsibilities, This Opportunity Provides For a Secure Investment With a n Established Tenant.

In Cooperation With Andrew Ackerman – Lic. # REB.0792529