For Sale | CVS Pharmacy
$15,667,476
3715 Hillsboro Pike, Nashville, TN 37215
For Sale
Retail
Free Standing
Active
Last Updated: 12/24/2024
5.35
Cap Rate
838,212
NOI
Details:
Cap Rate: 5.35%
NOI: $838,212
Building Size: 9,618 sqft
Lease Type: Absolute Net
Year Built: 2022
Highlights:
- Absolute NNN Lease – This property is an absolute NNN lease with zero landlord responsibilities
- 20 Year Lease – CVS just recently signed a new 20-year lease after relocating from across the street
- Proven Performance – CVS relocated from across the street after operating their for over 20 years
- Corporate Guaranty – Lease is corporately guaranteed by CVS which holds an investment grade credit rating of BBB
- Green Hills Mall – This property is situated outside the Green Hills mall which has over 1,000,000 SF of retail and sees over
- 5,000,000 annual visitors
- Affluent Demographic – The Green Hills area serves as the main retail corridor for Nashville wealthiest residents with an
- average household income in a 5-mile radius over $140,000
- Luxurious Tenant Mix – The surrounding area is known for its upscale brands and boutiques
- Hard Signalized Corner – This CVS benefits from sitting at a hard signalized intersection
- Additional Square Footage – The city of Nashville will be moving Crestmoor Rd south towards the intersection with Glen Echo
- Rd giving you additional square footage of the lot
- Heavy Traffic Counts – Hillsboro Pike see over 30,000 VPD
- Strong Population Growth – The 5-mile radius is see an annual population growth north of 2%
Documents:
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Offering Memorandum
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