CVS- With Rent Increases | 1018 N Jesse James Rd
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CVS- With Rent Increases 1018 N Jesse James Rd
3,206 SF Retail Building Excelsior Springs, MO 64024 $1,833,333 ($572/SF) 6% Cap Rate
Investment Highlights
- Low price point for Investment Grade Tenant (S&P: BBB)
- Minimal Landlord Responsibilities
- Strategically located within 1 mile of Excelsior Springs Hospital with limited to No Pharmacy competition
- Corporate Guarantee by CVS Corpora??on
- Long Term Lease(9 years) with options to renew
- 5% rent increase every ?ve years
Executive Summary
Triple Net Investment Group is pleased to present an opportunity to purchase a CVS located in Excelsior Springs, Missouri. This CVS has a NOI of $110,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,206 Sq ft with a lot size of 1.32 Acres. This CVS location has a long term occupancy and commitment to the site. CVS Pharmacy having a S&P Rating of BBB+ makes this a stable investment for years to come.
Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles, Missouri 63301
Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles, Missouri 63301
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,206 SF
Building Class
C
Year Built
2009
Price
$1,833,333
Price Per SF
$572
Cap Rate
6%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.32 AC
Opportunity Zone
Yes
Zoning
C-3
PROPERTY TAXES
| Parcel Number | 12-306-00-25-036.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $148,030 |
PROPERTY TAXES
Parcel Number
12-306-00-25-036.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$148,030
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Robert Gamzeh -
Triple Net Investment Group Inc.
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CVS- With Rent Increases | 1018 N Jesse James Rd
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