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CVS - Absolute NNN 7845 Preston Hwy 10,605 SF Retail Building Louisville, KY 40219 $8,084,457 CAD ($762.32 CAD/SF) 5.25% Cap Rate
Executive Summary
Rare 23 year lease hold opportunity with additional 25 year options and 8-9% rent increases
Absolute NNN with Zero Landlord Responsibilities
Corporate Lease Guaranteed by CVS Health Corporation
CVS pays Ground Rent directly
Perfect for 1031 Buyer
Great property for cost segregation and Bonus Depreciation
Absolute NNN with Zero Landlord Responsibilities
Corporate Lease Guaranteed by CVS Health Corporation
CVS pays Ground Rent directly
Perfect for 1031 Buyer
Great property for cost segregation and Bonus Depreciation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,605 SF
Building Class
B
Year Built
2022
Price
$8,084,457 CAD
Price Per SF
$762.32 CAD
Cap Rate
5.25%
NOI
$424,419 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.23 AC
Zoning
C
Parking
39 Spaces (3.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
- Accent Lighting
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 078800580000 | Improvements Assessment | $5,674,085 CAD |
| Land Assessment | $1,647,669 CAD | Total Assessment | $7,321,754 CAD |
Property Taxes
Parcel Number
078800580000
Land Assessment
$1,647,669 CAD
Improvements Assessment
$5,674,085 CAD
Total Assessment
$7,321,754 CAD
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CVS - Absolute NNN | 7845 Preston Hwy
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