320 E Lexington St | Richmond, MO 64085
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
320 E Lexington St
Richmond, MO 64085
CVS-Richmond · Retail Property For Sale
Investment Highlights
- Low price point for Investment Grade Tenant (S&P: BBB)
- Minimal Landlord Responsibilities
- Strategically located near Ray County Memorial Hospital
- Corporate Guarantee by CVS Corporation
- Long Term Lease(7 years) with options to renew
- 5% rent increase every five years
Executive Summary
Triple Net Investment Group is pleased to present an opportunity to purchase a CVS located in Richmond, MO. This CVS has a NOI of
$100,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,183 Sq ft with a lot size of 0.75
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
$100,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,183 Sq ft with a lot size of 0.75
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
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,183 SF
Building Class
B
Year Built
2016
Price
$1,666,666
Price Per SF
$524
Cap Rate
6%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 10093101005017000 | Improvements Assessment | $92,060 |
| Land Assessment | $14,580 | Total Assessment | $106,640 |
PROPERTY TAXES
Parcel Number
10093101005017000
Land Assessment
$14,580
Improvements Assessment
$92,060
Total Assessment
$106,640
Learn More About Investing in Retail Properties
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
