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For Sale | CVS Pharmacy

$15,667,476

3715 Hillsboro Pike, Nashville, TN 37215

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%
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery