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CVS 3130 Portland Ave
9,258 SF Retail Building Louisville, KY 40212 $1,719,791 ($186/SF) 6.85% Cap Rate
Investment Highlights
- Corporate guaranteed lease - by CVS Health Corporation, which is rated BBB by Standard & Poor’s and Baa2 by Moody’s
- Low income tax state
- Consumers within a 5-Mile radius spend more than $96 million on healthcare annually
- 5% rental increases at option periods
- A building that has been operated as a drugstore since 1962
- 15 minutes away from the University of Louisville which has over 22,640 students
Executive Summary
This deal includes a 10 Year primary term (approximately 4 years remaining) Double Net (NN) lease with minimal landlord responsibilities, a corporate guarantee, and rental increases at the beginning of every option, providing for a secure investment.
Property Facts
Amenities
- Bus Line
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Double Net
- Dec 2027
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Double Net | Dec 2027 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 010B00210000 | Improvements Assessment | $1,451,010 |
| Land Assessment | $72,330 | Total Assessment | $1,523,340 |
PROPERTY TAXES
Presented by
CVS | 3130 Portland Ave
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