Asking Price:$6,338,710
2100 E Ridge Road, Irondequoit, NY 14622 Property Type: Retail Remaining Term 61.4 years
Rent Commencement 03/01/2006 Lease Expiration 02/28/2081 Square Footage14,805 Price/Sq Ft $428.15
Cap Rate 6.20% NOI $393,000 Year Built 2006 Lot Size (acres)1.439 Courtesy of Marcus & Millichap
Asking Price: $2,130,000
6272 U.S. 9, Chestertown, NY 12817
Property Type Retail Investment Type Net Lease
Lease Type NNN Tenancy Single
Lease Expiration 08/31/2031 Remaining Term 11.8 years
Cap Rate 6.03% NOI $128,496 Courtesy of Silber Properties
Asking Price:$10,558,528
Property Type Retail Lease Type Absolute NNN
Tenant Credit Credit Rated Tenancy Single
Square Footage 11,926 Price/Sq Ft $885.34
Cap Rate 6.25% NOI $659,908 Lease Options (3) 5 Year Options
Courtesy of Legacy Real Estate Advisors
Located in Virginia, Georgia, North Carolina, Maryland, Massachussets and Texas.
Walgreens (NYSE: WBA) is a publicly traded company with an S&P Credit Rating of BBB and is ranked #17 in the Fortune 500 (2019). Some financial highlights include 2018 Revenues of $131.537 billion and 2018 Net Profits of $5.024 billion. Walgreen Co. operates over 8,200 stores in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.This is an opportunity for an investor to acquire six long term fee-simple Absolute NNN leases Walgreens with zero landlord responsibilies.
7610 McPherson Rd, Laredo, TX 78041 & 6717 Richmond Hwy, Alexandria, VA 22306
2320 N Druid Hills Rd NE, Atlanta, GA 30329 & 2585 S Church St, Burlington, NC 27215
1802 Main St, Chester, MD 21619 & 160 E Central St, Franklin, MA 02038 Courtesy of Marcus & Millichap
Asking Price: $5,450,000
Property Type Retail Investment Type
Net Lease Absolute NNN
Tenant Credit Corporate Guarantee Tenancy Single
Lease Expiration 03/31/2032 Remaining Term 12.3 years
Square Footage14,820 Price/Sq Ft $367.75
Cap Rate 6.06% NOI $330,000 Year Built 2007
Lease Options 10, 5-year by JLL
Asking Price: $5,398,064 Property Type Retail Lease Type NNN
Tenant Credit Credit Rated, Corporate Guarantee Tenancy Single Lease Term 20 years Lease 02/24/2005 to 02/02/2025
Expiration 03/31/2034 Remaining Term 14.3 years
Square Footage 13,813 Price/Sq Ft $390.80
Cap Rate 6.25% NOI $337,379 Lot Size (acres) 1.71
Rent Bumps No Lease Options 4 - Five Year Options
Ownership Fee Simple by Marcus & Millichap
Asking Price:$4,870,896
Property Type Retail Lease Type NNN Tenant Credit Corporate Guarantee
Lease Term 20 years Lease Commencement 07/20/2005 Lease Expiration 03/30/2034 Remaining Term 14.3 years
Square Footage 13,813 Price/Sq Ft $352.63 Cap Rate 6.25% NOI $304,431
Year Built 2003 Lot Size (acres) 2.5 Rent Bumps No Lease Options 4- Five Year Options Ownership Fee Simple
We're pleased to present for sale this Net Leased Rite Aid (now backed by Walgreens as of February 2018) located at 8052 State Route 12, Barneveld, New York in Oneida County, less than an hour drive due East from Syracuse, New York and an hour and a half North West of Albany, New York. There is no direct Walgreen’s competition in the area; the closest Walgreen’s is 15 miles away in Utica, New York. Courtesy of Marcus & Millichap
Asking Price:$3,828,266
Property Type Retail Investment Type Net Lease
Lease Type NNN Tenant Credit Corporate Guarantee
Tenancy Single Lease Term 5 years
Lease Commencement 05/31/2019 Lease Expiration 05/31/2024
Remaining Term 4.5 years Square Footage 12,696 Price/Sq Ft $301.53
Cap Rate 6.75% NOI $258,408 Year Built 1997 Lot Size (acres) 0.95
Ownership Fee Simple
Courtesy of Marcus and Millichap
Asking Price: $5,800,000
Property Type Retail Sub Type Drugstore Investment Type Net Lease
Investment Sub Type Drugstore Lease Type Absolute NNN
Tenant Credit Corporate Guarantee, Credit Rated Tenancy Single Lease Term 75 years Rent 07/30/2006 to 07/30/2081
Remaining Term 61.7 years Square Footage 14,490 Price/Sq Ft $400.28
Cap Rate 7.00% NOI $406,000 Year Built 2006 Lot Size (acres) 1.53 Courtesy of Marcus & Millichap
Asking Price: $12,245,000
Property Type Retail Lease Type Absolute NNN Tenancy Single Lease Term 75.1 years
Lease Commencement 09/22/2008 Lease Expiration 09/30/2083 Remaining Term 63.9 years
Square Footage 14,820 Price/Sq Ft $826.25 Cap Rate 5.75% NOI $704,000 Year Built 2008 Lease Options 10 x 5-Years
For Sale The 14,820 Sf Walgreens Located At The Nec Broad Street & Summer Street, Bridgewater, Ma. This Opportunity Includes An Investment-grade Tenant With An Absolute Triple Net Lease With Fixed Built-in Rental Increases, Located In An Area With Minimal Competition,
Providing For A Secure Investment. Courtesy of Nai Capital, Inc.
Remaining Term 12.9 years Net Rentable (sq ft) 15,120
Price/Sq Ft $362.10 Cap Rate 6.00% Occupancy 100%
NOI $328,500 Year Built 2002 Buildings 1
Lot Size (acres) 1.7 Rent Bumps No
7, 5-Year Options Ownership Fee Simple
Courtesy of Horvath & Tremblay
Investment Type Net Lease Lease Type NNN
Tenancy Single Lease Expiration 12/30/2031
Remaining Term 12.1 years Square Footage 14,820
Price/Sq Ft $411.02 Cap Rate 6.00% NOI $365,475 Year Built 2006
Buildings 1 Stories 1 Lot Size (acres) 1.82 Ownership Fee Simple
Asking Price: $1,802,500
Property Type Retail Investment Type Net Lease Lease Type NN Tenancy Single Lease Term 25 years
Lease Commencement 11/18/1996 Lease Expiration 11/30/2021 Remaining Term 2 years Square Footage 14,000Price/Sq Ft $128.75
Cap Rate 8.00% NOI $144,200Year Built 1996 Buildings 1 Stories 1 Lot Size (acres) 1.45 Lease Options 4, 5-Year Ownership Fee Simple
Asking Price: $6,091,250 Property Type Retail Investment Type Net Lease Lease Type NNN Tenancy Single Lease Expiration 12/30/2031 Remaining 12.1 years Sq Ft 14,820 Price/Sq Ft $411.02 Cap Rate 6.00%
NOI $365,475 Year Built 2006 Buildings 1 Stories 1
Lot Size (acres) 1.82 Ownership Fee Simple Courtesy of SAB CAPITAL
Asking Price: $6,415,094
Property Type Retail Investment Type Net Lease
Lease Type NNN Rent 10/25/2019 to 10/25/2034
Remaining Term 14.9 years Square Footage 15,120 Price/Sq Ft $424.28
Cap Rate 5.30% NOI $340,000 Courtesy of SAB Group
Asking Price: $6,775,000
Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Multi Number of Tenants 2
Square Footage 19,111 Price/Sq Ft $354.51 Cap Rate 6.50% Occupancy 100% NOI $440,090 Units 2 Year Built 2009 Buildings 1 Stories 1
Lot Size (acres) 2.92 Parking (spaces) 72 Ownership Fee Simple Courtesy of Marcus Millichap
Asking Price: $11,500,000
Property Type Retail Sub Type NNN Lease
Investment Type Net Lease Lease Type Absolute NNN
Tenant Credit Corporate Guarantee Tenancy Single
Square Footage 13,369 Price/Sq Ft $860.20
Year Built 2013 Buildings 1 Stories 1 by GFI Realty Services LLC
Asking Price: $9,043,479
Investment Type Net Lease Lease Type Absolute NNN
Tenancy Single Lease Term 25.1 years Lease 10/06/2008-10/31/2033 Remaining Term 13.9 years Square Footage 14,000 Price/Sq Ft $645.96 Cap Rate 5.75% NOI $520,000 Units 1 Year Built 2007 Lot Size 2.68 AC
Lease Options(10) 5-Year Options By Landmark Real Estate
Asking Price: $5,110,000
Property Type Retail Sub Type DrugstoreInvestment Type Net LeaseClass A Lease Type Absolute NNN Tenant Credit Rated, Corporate Guarantee
Tenancy Single Rent Commencement 03/15/2008 Lease Expiration 03/29/2033 Remaining Term 13.3 years Net Rentable (sq ft) 14,820
Price/Sq Ft $344.80 Cap Rate 6.85% Occupancy 100% Occupancy Date 03/15/2008 NOI $350,000 Units 1 Year Built 2008 Buildings 1 Stories 1
Lot Size (acres) 2.7 Rent Bumps No Lease Options 50 - 1 Year Options Ground Lease No Ownership Fee Simple Courtesy of RDO Investments
is pleased to present a fee simple, single tenant, 14,820 square foot Walgreens in Kilmarnock, Virginia. The property is strategically located in the main retail thoroughfare of North Main Street in Kilmarnock, Virginia. The property was constructed in 2008 and has excellent visibility and good ingress and egress. The tenant signed an original 25 year lease in 2008 and fifty, one year options. The lease is pure NNN, with no Landlord Responsibilities whatsoever.The property can be purchased as a portfolio sale or on a one off basis.
Asking Price : $2,880,323
Property Type Retail Sub Type Pharmacy
Investment Type Net Lease Lease Type NN+
Corporate Guarantee Tenancy Single Lease Term 31 years
Lease 08/29/1996 - 08/29/1996 Expiration 08/29/2027
Remaining Term 7.7 years Square Footage13,865
Price/Sq Ft $207.74 Cap Rate 7.00% Occupancy 100%
NOI $201,624Units1 Year Built 1996 Buildings 1
Lot Size (acres)1.83 Lease Options(5) 5-Year Options
Ground Lease No Ownership Fee Simple Retail Investment Group
Asking Price: $6,106,089
Property Type Retail Investment Type Net Lease
Lease Type NN Tenancy Single
Lease Expiration03/31/2027
Remaining Term7.3 years
Square Footage14,564 Price/Sq Ft $419.26
Cap Rate 6.75% NOI $412,161
Units1 Year Built 2000
The Boulder Group Lee & Associates
Asking Price: $8,694,400
Property Type Retail Sub Type Drugstore Investment Type Net Lease Class A Lease Type Absolute NNN Tenant Credit Corporate Guarantee
Tenancy Single Lease Commencement 01/01/2007 Rent Commencement 03/31/2033 Net Rentable (sq ft) 14,820 Price/Sq Ft $586.67
Cap Rate 5.25% Occupancy 100% Occupancy Date 01/01/2007 NOI $456,456 Year Built 2007 Buildings 1 Stories 1 Zoning C Lot Size (acres) 1.57
Rent Bumps 5% Every 5 Years Lease Options Yes, 10, 5-Year Options Ground Lease No Ownership Fee Simple Courtesy of Marcus & Millichap
For sale the 100% fee simple interest in the single-tenant Walgreens retail property located at 1211 Boston Post Road, Westbrook, Connecticut 06498 (the “Property”). Build-to-suit for Walgreens in 2007, the Property comprises a +/- 14,820 SF building on an active +/- 1.57-acre parcel, that is strategically positioned along Boston Post Road/Route 1 with nearly 12,000 vehicles per day. Subject located in Westbrook, CT is situated only blocks from the Shore Line East Commuter Rail Service Station, only 50 miles from the State Capitol, Hartford, 75 miles from Providence, RI, 100 miles from NYC, and 120 miles from Boston, MA . The Property benefits from its location, smack dab in the center of Westbrook, an area with above average household income of over $113,000 within 5 miles of the subject and about 12,000 households in the same area.Walgreens Boots Alliance is an investment grade tenant, rated “B1” by Creditntell.com, and traded on the NASDAQ under the ticker “WBA”. Walgreens is the first global pharmacy-led, health and wellbeing enterprise of it’s kind. The Company’s heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years. It is the largest retail pharmacy chain in the U.S. and one of the world’s largest purchasers of prescription drugs, along with numerous health, beauty, and wellbeing products. Nearly 8 million customers interact with Walgreens in stores and online each day.
Asking Price: $4,542,201
Property Type Retail, Office Lease Type Absolute NNNTenancy Multi
Square Footage 20,040 Price/Sq Ft $226.66 Cap Rate 9.50%
NOI $431,509 Year Built 2004 Lot Size (acres) 1.73
Courtesy of James Capital Advisors
Asking Price: $6,579,714
Property Type Retail Investment Type Net Lease Absolute NNN
Tenant Credit Corporate Guarantee Tenancy Single SF14,820
Price/Sq Ft $443.98 Cap Rate 7.00%
NOI $460,580 Year Built 2008 Lot Size (acres) 2.32 by Marcus Millichap
Asking Price: $7,280,000
Property Type Retail Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single
Lease Term 75 years Lease Commencement 08/01/2004 Lease Expiration 07/31/2079 Remaining Term 59.7 years
Square Footage 13,650 Price/Sq Ft $533.33 Cap Rate 6.25% Year Built 2006 Lot Size (acres) 2.09 Ownership Fee Simple
Asking Price: $9,836,364
Property Type Retail Investment Type Net LeaseLease Type NNN
Lease Term 76 years Lease Commencement 01/01/2010
Lease Expiration 12/31/2085 Remaining Term 66.1 years
Square Footage 14,640 Price/Sq Ft $671.88 Cap Rate 5.50%
NOI $541,000 Lot Size (acres)1.4 Rent Bumps1.75% Increases
Every Five Years Beginning Year 26 Marcus Millichap
* Stable Income from Walgreens Corporate, a Top 20 Fortune 500 Co.
* Absolute Net Lease with No Landlord Responsibilities Whatsoever
* Detroit MSA Location - * Busy Intersection with ±30,000 VPD
* Average HH Income of $90,846 & Population of 204,235 in a 5-mi Radius * Major Medical Facilities Nearby - By Pharma Property Group
Asking Price:$2,224,000
Property Type Retail Lease Type Net Tenancy Single Lease Term 5 years Lease Commencement 10/31/2018 Lease Expiration10/31/2023
Remaining Term3.9 years Square Footage14,288 Price/Sq Ft$155.66 Cap Rate7.50% NOI $166,860 Year Built 1998 Lot Size (acres)2.88
Lease Options Eight, 5-year Options Ownership Fee Simple - Courtesy of The Kase Group
The subject property is a net leased Walgreens in Dallas, Texas. The lease calls for minimal landlord obligations. The twenty year lease ended in 2018, and the tenant is now exercising their first of eight 5-year renewal options beyond the initial term. The property is well-situated on a major retail corridor surrounded by natioanl retailers including 7-Eleven, Wendy’s and BB&T Bank.
Asking Price: $5,375,000
Property Type Retail Lease Type Absolute NNN
Tenant Credit Corporate Guarantee Tenancy Single
Lease Term 25.1 years Lease 07/01/2002 - 07/31/2027
Remaining Term 7.6 years Square Footage 15,047 Price/Sq Ft$357.21
Cap Rate 6.25% NOI $335,949 Year Built 2000 Lot Size (acres)1.66
Lease Options Ten, 5-Year Options Ownership Fee Simple:Matthews
Asking Price: $5,454,400
Property Type Retail Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single Lease Term 25 years
Lease Commencement 04/01/2004 Lease Expiration 03/31/2029 Remaining Term 9.3 years Square Footage 14,560 Price/Sq Ft $374.62
Cap Rate 6.25% NOI $340,900 Year Built 2004 Stories 1 Lot Size 1.74 Ten (10) Five (5) Year Options Ownership Fee Simple By Matthews
Asking Price: $3,764,285
Property Type Retail Lease Type NN Tenant Credit Credit Rated Tenancy Single Lease Expiration 01/31/2039 Remaining Term 19.2 years
Square Footage 10,125 Price/Sq Ft $371.78 Cap Rate 5.60% NOI $210,800 Units 1
For sale a single tenant net leased CVS Pharmacy located in Dunkirk, New York. CVS Pharmacy has successfully operated at this location since 2000 and CVS extended their lease in 2013 showing their commitment to the location. CVS has a long term lease with more than twenty years remaining. The CVS Pharmacy property features a drive-thru and has excellent visibility along Main Street. CVS Pharmacy is an investment grade rated company (S&P: BBB+) and publicly traded on the New York Stock Exchange using symbol “CVS”. The 10,125 square foot building is well located at the corner of a signalized intersection. Retailers in the immediate area include Save-A-Lot, Walgreens, KeyBank and Tim Hortons. The property is also located within close proximity to multiple residential communities, local businesses and schools including Dunkirk Middle School and Dunkirk High School (600+ students). The Walgreens property is located immediately off Interstate 90 and near Brooks Memorial Hospital.
CVS Pharmacy has over twenty years remaining on their lease which expires January 31, 2039 and features four 5-year renewal option periods and one 4-year with 5% rental escalations in each option. CVS Pharmacy is the nation's drugstore chain and total prescription revenue and operates 9,800+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil. Courtesy of The Boulder Group
PROPERTY ADDRESS : 13 PORT WATSON ST. CORTLAND, NY 13045
ESTABLISHED & SUCCESSFUL PHARMACY - CVS has been successfully operating here since 1998 and has extended its lease numerous times, most recently for another 10 years, showing a strong commitment to this location COLLEGE TOWN LOCATION
The State University of New York (SUNY) College at Cortland is located just 0.5 miles from CVS with over 6,800 students enrolled
INVESTMENT GRADE CREDIT - The lease is corporately guaranteed by CVS,an investment grade credit tenant, rated “BBB” by Standard & Poor's
SMALL PRICE POINT - At just over $3M this is a small price point for an investment grade pharmacy with lease term
DENSE INFILL SITE In-town, easily walkable location surrounded by numerous local businesses, restaurants and residential homes
EASILY ACCESSIBLE CVS is ideally located just 1 mile from the on/off ramps of I-81 with traffic counts over 22,000 vehicles per day
RENTAL INCREASES - There are 8% rental increases in each of the three, five year lease renewals remaining OM VIDEO
ALL BRICK CONSTRUCTION The property features all brick construction and offering low deferred maintenance. Courtesy of CBRE
HIGHLIGHTS
* At just over $3.2M this is a small price point for an investment grade pharmacy offering a going in yield of 7.25%
* Excellent visibility along N Main Street, a major throughway in Johnson City with traffic counts of 12,500 vehicles per day
* Sale Conditions-Investment Triple Net Tenancy : Single Property Type Retail Parking Ratio 6.22/1,000 SF Property Sub-type Drug Store Zoning Description CBD B/D Class BAPN Lot Size1.26 AC.Courtesy of CBRE OM VIEW PROPERTY VIDEO
CVS - 10% INCREASES- BRAND-NEW 25-YEAR LEASE
61-15 Metropolitan Avenue Ridgewood, NY 11385 VIDEO
Price: $ 19,699,347 Occupancy 100% Building Size13,482 SFNo. Stories 1 Property Type Retail Tenancy Single Property Sub-type Free Standing Bldg Year Built 2012 Property Use Type Net Lease Investment with 10+ years left on lease Lot Size1.38 AC Cap Rate 5.68% Courtesy of Marcus & Millichap
Asking Price: $12,250,000
Property Type Retail Investment Type Net Lease Lease Type NNN
Tenant Credit Corporate Guarantee Tenancy Single
Term 25 years Lease 09/28/2013- 09/30/2038 Remaining 18.8 years
Square Footage 12,487 Price/Sq Ft $981.02 Cap Rate 5.67%
Occupancy Date 09/29/2013 NOI $694,300 Year Built 2013 Buildings 1
Stories 1 Zoning C2-2, R3A,SRD Lot Size (sq ft) 42,100
Parking (spaces)35 Lease Options 25 year lease W/4-5 year options with a 10% increase every 10 years Courtesy of Remax
Asking Price: $5,434,983
Sub Type Drug Store Investment Type Net Lease Type Absolute NNN
Tenant Credit Credit Rated, Corporate Guarantee Tenancy Single
Lease Expiration 01/31/2033 Remaining Term 13 years
Square Footage 11,945 Price/Sq Ft $455 Cap Rate 6.00%
Occupancy 100% NOI $326,099 Units 1 Year Built 2006 Building 1
Lot Size (acres) 1.4 Rent Bumps 5% Increase in each Option
Lease Options 6, 5-Year Ownership Fee Simple By Stan Johnson Co.
CVS/Pharmacy located at 4170 Albany Post Road in Hyde Park, Dutchess County, New York, featuring rare annual rent increases to hedge against inflation and strategically located less than one-quarter mile north of the highly visited Franklin D. Roosevelt National Historic Site. The subject property consists of a single-story 7,011 square foot freestanding structure positioned on a one-acre lot with 48 parking spaces. This double net (NN) leased CVS/Pharmacy asset has just under four (4) years remaining on the lease base term (expiration January 2023) and features annual three (3) percent rent increases along with four, five year tenant options to extend. The lease is corporately guaranteed by CVS Health Corporation, the 7th largest company in the Fortune 500 index with an S&P credit rating of BBB and revenues of $194.6 billion for fiscal year 2018.
Details : Retail Lease Type NN Tenant Credit Corporate Guarantee Tenancy Single
Lease Expiration 01/31/2023 Remaining Term 3.3 years Square Footage 7,011 Price/Sq Ft $328.06 Cap Rate 7.25% NOI $166,860
Permitted Zoning Commercial/Retail Lot Size (acres)1 Parking (spaces) 48 APN 23-04-25-020392-008-04 Lease Options 4, 5-Year Option
Rent Schedule Lease Type Double Net (NN) TERM START/END DATE INCREASES BLENDED CAP Base Nov. 2014 - Nov. 2019 Flat - Base Nov. 2019 - Jan. 2023 3% Annual 7.50% Option 1 Feb. 2023 - Jan. 2028 3% Annual 8.67% Option 2 Feb. 2028 - Jan. 2033 3% Annual 10.05% Option 3 Feb. 2033 - Jan. 2038 3% Annual 11.65% Option 4 Feb. 2038 - Jan. 2043 3% Annual 13.51% Courtesy of Marcus & Millichap
Asking Price: $3,985,000
Property Type Retail Lease Type Absolute NNN
Tenant Credit Credit Rated Tenancy Single Lease Term 24.9 years
Lease 03/31/2008 - 01/30/2033 Remaining Term13.2 years
Square Footage 13,635 Price/Sq Ft $292.26 Cap Rate 7.00%
Occupancy 100% NOI $278,907 Year Built 2008 Stories 1 Lot Size1.25
Courtesy of Colliers International
Asking Price: $3,735,927
Property Type Retail Sub Type Drug Store Net Lease
Lease Type NNtCredit Rated, Corporate Guarantee Tenancy Single
Lease Term 18 years Lease 12/31/2017 - 01/30/2036
Remaining 16.2 years Square Footage 10,800 Price/Sq Ft $345.92
Cap Rate 5.50% Occupancy 100% NOI $205,476 Year Built 2001
Lot Size (acres) 1.08 Rent Bumps 6% in Option Periods
Lease Options 4x 5 Year Ownership Fee Simple By:Marcus Millichap
Asking Price : Unpriced
Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.
New to the market, Thomas Company is pleased to offer for sale a portfolio of 44 CVS stores, in 20 states, totaling +/- 531,065 square feet of retail space. Each of the properties has a brand new 25-year lease which commenced in October 2019. The properties are offered as highly leveraged zero-cash-flow investments, with attractively priced, assumable loans on each property that fully-amortize prior to the expiration of each lease. The properties provide an investor with significant passive losses to help offset unsheltered cash flow from other real estate and are available individually, in pools, or as a portfolio.
Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single
Lease Commencement 10/17/2019 Rent Commencement 10/17/2019 Net Rentable (sq ft) 531,065 Occupancy 100%
NOI $15,416,124 Year Built 2019 Buildings 44 Stories 1 Rent Bumps No Lease Options 10
Brand New 25-Year Leases * 44 Properties in 20 States * Investment Grade Guarantee
Properties available individually, in pools, or as a portfolio Courtesy of Thomas Company
13+ Years Remaining Price: $4,275,000
* Established Location - In Operation Since 2001
Lease is Corporately Guaranteed by CVS Health | S&P “BBB+” * Store Recently Approved for “Refresh Remodel” by CVS Five (5), Five-Year Option Periods with Rental Increases. * Prototypical Freestanding CVS Equipped with Drive-Thru *1-Mile Average Household Income: $65,533
108 Park Rd Pleasant Grove,AL 35127 CVS PHARMACY - BIRMINGHAM MSA VIMEO
Courtesy of Encore Real Estate Investment Services
Asking Price : Unpriced
Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single
Lease Commencement 10/17/2019 Rent Commencement 10/17/2019
Net Rentable (sq ft) 531,065 Occupancy 100%
NOI $15,416,124 Year Built 2019 Buildings 44 Stories 1 Rent Bumps
No Lease Options 10 44 Properties in 20 States * Investment Grade Guarantee. Courtesy of Thomas Company
Asking Price: $4,038,835
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Credit Rated Tenancy Single
Lease Term 20 years Lease Commencement 10/01/2019 Lease Expiration 10/01/2039 Remaining Term 19.8 years Square Footage10,107
Price/Sq F t$399.61 Cap Rate 5.15% Occupancy Date 08/01/2000 NOI $208,000 Year Built 2000 Lot Size (acres) 1.36
Rent Bumps 7% in Options Lease Options 10-5 Year Ground Lease No Ownership Fee Simple
Dallas Net Lease is please to present the opportunity to acquire a strong performing CVS located in the city of Mechanicsville, VA, an affluent suburb of Virginia. It sits at the intersection of Charter Gate Drive and Atlee Station Road, about 7 miles north of Richmond and a mile south of the Hanover Airport. The property is next to the Kings Charter development which is an established, sought after residential community with over 900 single family homes. CVS signed a new 20-year lease showing its strong commitment to the site. Following the initial term there are 10-5-year option periods that have 7% increases in each. It is in a strong retail trade area being located next to Food Lion, McDonalds, BB&T, Walmart Neighborhood Market, The Home Depot, Sheetz and many more. The interest being sold is Fee-Simple and the property will be delivered free and clear of debt. CVS is responsible for all maintenance and repairs, leaving the Landlord with zero responsibilities.
Retail Sub Type NNN Investment Type Net Lease
Class A Lease Type Absolute NNN Tenant Credit Credit Rated
Tenancy Single Lease Expiration 01/31/2035 Remaining Term 15.3 years
Square Footage 14,781 Price/Sq Ft $573.03
Cap Rate 5.35% NOI $453,127 Units 1 Year Built 2009
Stories 1 Lot Size (acres) 2.47 Parking (spaces) 63
Lease Options10, 5-Year Options Ownership Fee Simple
795 Oglethorpe Ave, Athens, GA 30606 Courtesy of Marcus & Millichap
Property Type Retail Sub Type NNN Investment Type Net Lease
Class A Lease Absolute NNN Corporate Guarantee Tenancy Single
Lease Expiration 01/31/2034 Remaining Term 14.3 years
Square Footage 11,945 Net Rentable (sq ft) 11,945
Price/Sq Ft $447.89 Cap Rate 5.64% NOI $301,789
Year Built 2008 Stories 1 Lot Size (acres) 1.3 Parking (spaces) 69
Rent Bumps Yes Lease Options 10, 5-Year Options
Ownership Fee Simple Courtesy of Marcus & Millichap
Asking Price: $3,729,140
Property Type Retail Lease Type Absolute NNN Tenant Credit Credit Rated Tenancy Single Lease Term 25.1 years
Lease Commencement 12/19/2007 Lease Expiration 01/30/2033 Remaining Term 13.2 years Square Footage 8,000 Price/Sq Ft $466.14
Cap Rate 6.75% Occupancy 100% NOI $251,717 Year Built 2007 Lot Size (acres) 3.71 Lease Options 2 (5) Year Options Ownership Fee Simple
This is a rare CVS/pharmacy absolute net leased offering in Danville, Virginia. The lease calls for zero landlord obligations with two 5 year options at 90% of prior rent, then eight 5 year options at FMV, along with a rent holiday for the last three years of the lease. The asset is well situated on a major commercial thoroughfare and is nearby PATHS Community Medical Center. Courtesy of The Kase Group
5610 OVERSEAS HIGHWAY, STOCK ISLAND, FLORIDA
Ownership Type Fee Simple Price :$9,220,000 Cap Rate:4.70% Current Rent: $433,320 Lease: Triple Net Remaining Term:Approx. 20+ years
Renewal Options: Yes Building Sq. Ft.:14,600 Site Size:2.51
Courtesy of STREAM Capital Partners
Property Type Retail Tenancy Single Net Lease Lease Absolute NNN
Lease Expiration 07/23/2027 Remaining Term 7.8 years
Square Footage 12,739 Price/Sq Ft $407.53
Cap Rate 6.00% NOI $311,494 Units 1 Year Built 2002
Lease Options Five 5 Year Courtesy of The Boulder Group
Asking Price: $1,696,000
Property Type Retail Lease Type Net Tenant Credit Corporate Guarantee, Credit Rated Tenancy Single Lease Term 35 years
Lease Commencement 03/26/1995 Lease Expiration 03/31/2030 Remaining Term 10.3 years Square Footage 14,110 Price/Sq Ft $120.20
Cap Rate 6.25% Occupancy 100% NOI $106,000 Year Renovated 2004 Lot Size (acres) 0.48 Parking (spaces) 18 Three (3) Five (5) Year Options
This CVS offers a 10 year net lease, with a corporate guaranty.- Courtesy of Cushman Wakefield
With 29,102 vehicles per day directly in front of the property, and a central location in a large city, the store boasts strong sales and significantly below market rent. CVS has exercised an early extension for 11 years, demonstrating a long term commitment to the location.
This is a rare “hands-off” investment opportunity to purchase a long-term net leased pharmacy asset with proven success in the market.
Asking Price: $6,653,127
Property Type Retail Sub Type Pharmacy Investment Type Sale/Leaseback Lease Type NNN Tenancy Single Lease Term 20 years
Remaining Term 20 years Square Footage 13,225 Price/Sq Ft $503.07 Cap Rate 5.50% Occupancy 100% NOI $365,922
Year Built 2010 Lot Size (acres) 2.94 Lease Options Ten, 5 year
Colliers International is pleased to offer for sale to qualified investors the 100% fee simple interest in a true NNN CVS leased (sublease) pharmacy store located in Pottsville, PA.
This is an opportunity to acquire the dominant pharmacy in the market. CVS has operated at the site since 2010. The property sits at a lighted intersection with a specific address of 212 Pottsville street, Pottsville, PA, and contains 13,225 sf.
The Master Tenant and guarantor is Capview Exchange, LLC (CXL). CXL is the 12th net lease fund created by Capview Partners since 2010. CXL is providing a 20 year lease with zero Landlord responsibilities. For additional security, CXL will reserve approximately 1 year’s rent throughout the term of the lease. A detailed explanation of the deal structure follows in the financial section of this offering.
The 20 year lease is offered at $6,653,127 on which translates to a 5.50% cap rate. The lease contains 10 additional 5 year options to extend the lease.
Asking Price: $5,352,380
Property Type Retail Lease Type NN Tenancy Single
Rent Commencement 10/25/2000
Lease Expiration 12/30/2037 Remaining Term 18.1 years
Square Footage 10,125 Price/Sq Ft $528.63 Units 1
Cap Rate 5.25% NOI $281,000 Year Built 2000 Lot Size (acres)1.51
Rent Bumps 13.5% rental increase in the option period
Lease Options One (1) Five (5) Year Option Courtesy of JLL
Asking Price: $2,666,666
Property Type Retail Lease Type NNN
Tenant Credit Credit Rated, Corporate Guarantee
Tenancy Single Lease Expiration 12/29/2029
Remaining Term 10.1 years Square Footage 10,125 Price/Sq Ft $263.37
Cap Rate 6.00% NOI $160,000 Year Built 2000
Rent Bumps In Options Lease Options Three, 5-Year Options
Ownership Fee Simple Courtesy of Equity Retail Brokers
82 N Broad St, Norwich, NY 13815
Asking Price: $3,652,915
Property Type Retail
Investment Type Net Lease Lease Type NN
Tenancy Single
Lease Expiration 12/07/2028
Remaining Term 9.2 years
Square Footage 10,90 Price/Sq Ft$334.88
Cap Rate 6.45% NOI $235,613 Units 1
Options Two 5-Year By The Boulder Group
PRICE: $6,153,375 CAP RATE: 8.00%
YEAR BUILT: 2005 LOT SIZE:1.749 Acres
BUILDING SQUARE FOOTAGE:14,564
TYPE OF OWNERSHIP:Fee Simple
LEASE GUARANTOR:Corporate Guarantee
LEASE TYPE: NNN LEASE TERM: 20 Years
ROOF AND STRUCTURE:Landlord Responsible RENT:5/26/2005 LEASE EXPIRATION:5/25/2026 REMAINING 7 Years
INCREASES:In the Options OPTIONS: 5x5 Years Courtesy of CBRE
1067 State Rte 222, Cortlandville, NY 13045
Asking Price: $3,282,786
Investment Type Net Lease
Lease Type NN
Tenancy Single
Lease Expiration 09/27/2028
Remaining Term 9 years
Square Footage 12,738 Price/Sq Ft $257.72
Cap Rate 7.00% NOI $229,79
By The Boulder Group and Lee & Associates
Asking Price: $5,261,277
Property Type Retail Lease Type NN
Tenancy Single
Lease 04/27/2028 Remaining Term 8.4 years
Square Footage 10,908 Price/Sq Ft $482.33
Cap Rate 6.50% NOI $341,983 Units 1
Courtesy of The Boulder Group
Asking Price: $5,261,277
Property Type Retail Lease Type NN
Tenancy Single
Lease Expiration 04/27/2028
Remaining Term 8.4 years
Square Footage 10,908 Price/Sq Ft $482.33
Cap Rate 6.50% NOI $341,983
Units 1 Courtesy of
Pegasus Investments Real Estate Advisory Inc.
Asking Price:$3,995,000
Property Type Retail Investment Net Lease
Lease Type NNN Tenancy Single
Lease Term 25 years Lease 07/01/2006 to 06/30/2031 Remaining Term 11.6 years
Square Footage 14,550 Price/Sq Ft $274.57
Cap Rate 6.01% NOI $240,000
Lease Options Ten, Five-Year Options
Courtesy of Marcus & Millichap
Asking Price: $3,098,000
Property Type Retail Investment Type Net Lease Lease Type Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single
Square Footage11,648 Price/Sq Ft $265.97 Cap Rate 9.75% NOI $302,033 Year Built 2000 Lot Size (acres)1.25 Courtesy of Marcus Millichap
Asking Price: $2,628,000
Investment Type Net Lease Investment Lease Type NN
Tenant Credit Corporate Guarantee Tenancy Single
Rent 06/25/1996 - 03/31/2029 Remaining Term 9.3 years
Square Footage 12,000 Price/Sq Ft $219 Cap Rate 7.50%
Occupancy 100% NOI $197,100 Year Built 1997
Buildings 1 Lot Size (acres)1.19
Rent Bumps In Option Periods
Lease Options (1) Five Year Option
Courtesy of Encore Real Estate
Asking Price: $3,795,000
Property Type Retail Lease Type NNN
Tenant Credit Corporate Guarantee, Credit Rated
Tenancy Single Lease Expiration 06/30/2025
Remaining Term 5.6 years Square Footage 14,375
Price/Sq Ft $264 Cap Rate 7.10% NOI $269,519
Year Built 2004 Stories 1 Zoning Commercial
Lot Size (acres) 7.96 Parking (spaces) 72
APN 414089 250.-1-38.1 Lease Options 4, Five-Year
Courtesy of Marcus Millichap
Asking Price: $3,816,047
Property Type Retail Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single
Lease Term 20 years Lease Commencement 12/09/2003 Lease Expiration 12/08/2023 Remaining Term 4 years
Square Footage 13,813 Price/Sq Ft $276.26 Cap Rate 8.50% NOI $324,364 Lot Size (acres)1.54
Rent Bumps 2% Each Five Year Option Period Lease Options 4 - Five Year Options Ownership Fee Simple Courtesy of Marcus & Millichap
pleased to present for sale this Net Leased Rite Aid located at 811 North Main Street, Jamestown, New York in Chautauqua County, less than a hours drive due East of Erie, Pennsylvania and one hour drive South from Buffalo with an average household income exceeding $56,090, annually.
The subject property consists of 13,813 square feet situated on a large 1.54-acre-parcel of land with full service pharmacy drive-thru window and a Rite Aid Wellness Clinic within the store. This Rite benefits from the strategic location at the signalized intersection of North Main Street and West 8th Street. There is another Rite Aid across town at 50 South Main St. which is directly across the st. from a Walgreen’s (10 Prospect St) and a CVS (195 Main St).
There are over four years remaining on the original 20-year, Absolute-Net Lease (NNN) where the landlord has no responsibilities to the property. The offering provides a flat initial term with two percent increases in each of the four five-year option periods. There are also three access points and a drive-thru to make for a smooth customer experience with a traffic count over 17,500 vehicle per day. Other local retailers include; 7 Eleven, Friendly’s, CVS, Tim Horton’s, Cricket Wireless, TOPS Friendly’s Grocery Market and Aaron’s Rents to name a few.
Rite Aid Corporation is a retail drugstore chain in the United States and a Fortune 500 company. It is headquartered in East Pennsboro Township, Cumberland County, Pennsylvania, near Camp Hill. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 2,525 stores in over 30 states across the country and in the District of Columbia. Rite Aid is the largest drugstore chain on the East Coast and the thirdlargest in the United States, employing roughly 89,000 associates. The company is publicly traded on the New York Stock Exchange under the ticker symbol RAD.
Asking Price: $4,513,972
Property Type Retail Lease Type NNN
Tenant CreditCredit Rated, Corporate Guarantee
Tenancy Single Lease Term20 years
Lease 09/09/2004 - 09/08/2024 Remaining Term 4.8 years
Square Footage 13,813 Price/Sq Ft $326.79 Cap Rate 7.25%
NOI $327,263 Year Built 2004 Lot Size (acres)2.1
Rent Bumps 2% Each Five Year Option Period
Lease Options 4 - Five Year Options
Ownership Fee Simple Courtesy of Marcus Millichap
Asking Price: $4,148,257
Property Type Retail Investment TypeNet Lease
Lease Type NN Tenancy Single
Lease Expiration 11/29/2028 Remaining Term 9 years
Square Footage 10,908 Price/Sq Ft $380.29
Cap Rate 7.00% NOI $290,378Units 1
Long operating history at the location since 1999
Courtesy of The Boulder Group and Lee & Associates
Asking Price: $2,894,993
Property Type Retail Lease Type NN Tenancy Single Lease Expiration 08/17/2028 Remaining Term 8.7 years
Square Footage 11,695 Price/Sq Ft $247.54 Cap Rate 7.15% NOI $206,992Units 1
Marketing Description
The Boulder Group is pleased to present for sale a single tenant Rite Aid located in Baldwinsville, New York.
Asking Price: $3,383,000
Sub Type Drug Store Investment Type Net Lease
Lease Type Absolute NNN Corporate Guarantee Tenancy Single
Lease Term 20 years Lease 06/01/2007 to 05/31/2027
Remaining Term 7.5 years Net Rentable (sq ft)14,564
Price/Sq Ft $232.29 Cap Rate 7.75% Occupancy 100% NOI $262,152
Units 1 Year Built 2006 Buildings 1 Stories 1 Zoning Commercial
Lot Size (acres) 1.29 Rent Bumps In Options Lease Options Four 5-Year
Ownership Fee Simple Courtesy of Marcus Millichap
Asking Price: $5,398,064
Lease Type NNN Tenant Credit Credit Rated, Corporate Guarantee
Tenancy Single Lease Term 20 years
Lease 02/02/2025 -03/31/2034 Remaining Term 14.3 years
Square Footage 13,813 Price/Sq Ft $390.80
Cap Rate 6.25% NOI $337,379
Lot Size (acres)1.71 Rent Bumps No
Lease Options4 - Five Year Options
Ownership Fee Simple Courtesy of Marcus Millichap
Asking Price: $2,570,098
Property Type Retail Lease Type NN Tenancy Single Lease Expiration 03/31/2029 Remaining Term 9.3 years
Square Footage 10,147 Price/Sq Ft $253.29 Cap Rate 7.15% NOI $183,762 Units 1
The Boulder Group is pleased to exclusively market for sale a single tenant Rite Aid property located in Barnegat, New Jersey.
Asking Price: $2,570,098
Property Type Retail Lease Type NN Tenancy Single
Lease Expiration 03/31/2029 Remaining Term 9.3 years
Square Footage 10,147 Price/Sq Ft $253.29
Cap Rate 7.15% NOI $183,762 Units 1
Courtesy of The Boulder Group
Asking Price:$2,385,622
Property Type Retail Investment Type Net Lease
Lease Type Absolute NNN Tenancy Single
Rent 05/30/1997 - 05/31/2024 Remaining Term 4.5 years
Square Footage 11,136 Price/Sq Ft $214.23 Cap Rate 7.95%
Occupancy 100% NOI $189,657 Year Built 1997
Lot Size (acres)1.5 Lease(1) Five Year Option - By Encore R.E
Asking Price: $17,232,046
4433 Dewey Ave, Rochester, NY 14616 & 4155 West Main Street, Batavia, NY 14020
2561 Union Road, Cheektowaga, NY 14227 & 1454 Union Road, West Seneca, NY 14224
portfolio of Rite Aid Pharmacies located in upstate New York. All subject properties are 100% leased to Rite Aid and are operating under recently extended NN leases. The portfolio is being sold as a package, with the in-place financing.
Asking Price: $4,241,338
Property Type Retail Lease Type Absolute NNN Tenancy Single
Lease Expiration 10/26/2027 Remaining Term 7.9 years
Square Footage 10,908 Price/Sq Ft $388.83 Cap Rate 7.10%
NOI $301,135 Units 1 Year Built 1998
Courtesy of The Boulder Group
Asking Price:$1,459,026
Property Type Retail Investment Type Net Lease
Class A Lease TypeNN Tenancy Single
Lease Expiration 11/06/2023 Remaining Term 3.9 years
Square Footage 11,201 Price/Sq Ft $130.26
Cap Rate 8.75% NOI $127,665 Year Built 1998
Asking Price: $1,304,458
Property Type Retail Lease Type NNN Tenancy Multi Remaining Term 5 years
Square Footage 10,500 Price/Sq Ft $124.23 Cap Rate 10.00% NOI $130,445 Units 3
For sale this Rite Aid anchored strip center located on East Pleasant Valley Boulevard in Altoona, Pennsylvania. Rite Aid has 6 years remaining on its initial 10 year NNN lease with two, five year options to renew. There are currently limited landlord responsibilities, making this an easy to own and operate property for the real estate investor looking for more yield. The building is well maintained block-on-block construction which helps to alleviate deferred maintenance in the near future. This is a value-add, multi-tenant opportunity leaving an upside for the next owner through leasing of the vacant space and possibly converting the Subway lease to NNN. courtesy of CBRE
Asking Price: $5,800,000
Property Type Retail Lease Type Absolute NNN Tenancy Single
Lease Term 25.1 years Lease 09/16/2005 - 09/30/2030
Remaining Term 10.8 years Square Footage 14,564
Price/Sq Ft $398.24 Cap Rate 6.25% NOI $362,500
Lot Size (acres) 2.03 APN 88-2-7567-10
Lease Options 5-5 Year Options Colliers International
Asking Price: $1,904,762
Property Type Retail Investment Type Net Lease
Lease Type NN Tenancy Single
Lease Expiration 08/31/2024
Remaining Term 4.7 years
Square Footage10,163 Price/Sq Ft $187.42
Cap Rate 7.35% NOI $140,000 Units 1
The Boulder Group and Lee & Associates
Asking Price: $7,405,000
Property Type Retail Lease Type NN Tenant Credit Corporate Guarantee, Credit Rated Tenancy Single
Lease Expiration 02/29/2036 Remaining Term 16.2 years Square Footage 11,186 Price/Sq Ft $661.99 Cap Rate 6.00%
NOI $444,304 Year Built 2016 Lot Size (acres) 1.602 Lease Options Six, Five (5) Year Ownership Fee Simple
Rite Aid Corporation (Nyse: Rad) is one of the nation’s leading drugstore chains and ranked 107 on Fortune 500’s Largest U.S. Corporations, with fiscal 2018 annual revenues of $21.6 billion and a current credit rating of B3. Rite Aid is one of the largest drugstore chains on the East Coast, with approximately 2,466 stores in 19 states, employing more than 48,000 associates across the country.
Rite Aid began in 1962 as a single store opened in Scranton, Pennsylvania named Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. In 2018, Walgreens Boots Alliance acquired 1,932 Rite Aid stores for $4.38 billion.
In June 2019, Amazon announced the launch of an Online purchase pick-up service at designated counters inside more than 1,500 Rite Aid stores across the U.S. Also in June, Rite Aid announced a new partnership with Adobe to combine personalized health and wellness expertise with digital operational support, seamlessly connecting the pharmacy, retail stores and Online customer experience. Rite Aid will also partner with UNFI to introduce natural and organic items in-store. Rite Aid is extending their partnership with GNC Health through 2021. Beyond their stores, Rite Aid brings the company’s mission to life through the efforts of The Rite Aid Foundation. Through their long-standing support of Children’s Miracle Network Hospitals and other Rite Aid Foundation efforts, the company has raised and donated over $100 million to kids and their families. Courtesy of Marcus of Millichap
Asking Price: $3,328,295
Property Type Retail Investment Type Net Lease Lease Absolute NNN Tenant Credit Corporate Guarantee Tenancy Single
Square Footage 14,471 Price/Sq Ft $230 Cap Rate 9.50% NOI $316,188 Year Built 2003 Lot Size (acres) 1.76 Courtesy of Marcus Millichap
Asking Price : $2,750,000
Investment Type Net Lease Absolute NNN Corporate Guarantee Tenancy Single Lease Term 23.9 years Lease 07/15/1999 - 06/06/2023 Remaining 3.5 years Sq Ft 10,908 Price/Sq Ft $252.11Cap Rate 10.11% Occupancy 100% NOI $278,142 Year Built 1999 Lot Size (acres)1.11 Ownership Fee Simple Courtesy of Marcus Millichap
We're pleased to offer the fee simple interest in a freestanding Rite Aid in Bethel Park, Pennsylvania. The property is strategically located on the corner of two heavily traveled thoroughfares; McMurray Rd and Clifton Rd. The building is on a 1.32-acre parcel of land and is improved with a 11,115-square foot retail pharmacy which includes a drive through.
This building was constructed in 2018, and Rite Aid signed a 20 Year lease in September of 2018. With 19.25 Years of initial term remaining, and an additional six (6) five (5) year options to renew, this is a steady investment with passive cash flow for an investor.
INVESTMENT HIGHLIGHTS
•$5,833,000 / $525 / 6% Cap Rate •20 – Year Corporate Backed Lease with 19.25 Guaranteed Years Remaining - Courtesy of CBRE
•Long Term Lease with a National Credit Tenant – Rite Aid (Moody’s Credit Rating B2)•Offered Free and Clear of Existing Debt
•Rent escalates 10% every ten (10) years of term and continues to escalate during renewal periods. •New 2018 High-Quality Brick Construction
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