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CVS | Approx 11yrs Abs NNN | DriveThru 7900 Central Ave SW 14,287 SF Retail Building Albuquerque, NM 87121 $4,481,396 CAD ($313.67 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Approximately 11 Years Remaining | Drive Thru Equipped Investment Grade Tenant (S&P: BBB) | New Retail Development
- Signalized, Hard Corner Intersection | Dense Retail Corridor |Close to Atrisco Plaza and other Shopping Centers
- Absolute NNN | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, investment grade (S&P: BBB), drive-thru equipped, CVS investment property located in Albuquerque, New Mexico. The tenant has approximately 11 years remaining with 1 (4-Year, 3 Mo.) and 7 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District if Columbia and Puerto Rico.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,287 SF
Building Class
B
Year Built
2009
Price
$4,481,396 CAD
Price Per SF
$313.67 CAD
Cap Rate
8.75%
NOI
$392,124 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.95 AC
Zoning
MX-M (Mixed Use)
Parking
38 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
335’ on Central Ave
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-010-057-145133-3-03-10 | Improvements Assessment | $471,738 CAD |
| Land Assessment | $159,066 CAD | Total Assessment | $630,804 CAD |
Property Taxes
Parcel Number
1-010-057-145133-3-03-10
Land Assessment
$159,066 CAD
Improvements Assessment
$471,738 CAD
Total Assessment
$630,804 CAD
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CVS | Approx 11yrs Abs NNN | DriveThru | 7900 Central Ave SW
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