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CVS - Zero Cash Flow Leasehold 1700 Mchenry Ave 12 916 pi² Commerce de détail Immeuble Modesto, CA 95350 5 622 480 $ CAD (435,31 $ CAD/pi²) 8,04% Taux de capitalisation
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Faits saillants de l'investissement
- Approximately 9 Years Remaining | Options To Extend | Investment Grade Tenant (S&P: BBB) | 24-Hour Location
- Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
- Signalized, Hard Corner Intersection | Highway 99 (147,500 VPD) | Nearby Apartment Complexes | Nearby Rite Aid Closure
- Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
- Located in Sprouts Anchored Shopping Center | Doctors Medical Center (461 Beds) | Memorial Medical (423 Beds)
- Strong Demographics in 5-Mile Trade Area
Résumé de l'annonce
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), 24-hour, freestanding CVS investment property located in Modesto, CA. The tenant has approximately 9 years of firm term remaining with 1 (1-year)
and 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS is America’s leading retail pharmacy and has more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, a leading pharmacy benefits manager with approximately 90 million plan members, and a dedicated senior pharmacy care business serving more than 800,000 patients per year. The site is ideally positioned as the only 24-hour pharmacy in the trade area and recently acquired the prescriptions from the former Rite Aid pharmacy directly across the street, effectively capturing displaced demand and solidifying its role as the primary pharmacy destination in the market. Lastly, the asset can be purchased free and clear or with the assumption of CTL zero cash flow financing, which also includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction (see page 17 for more details).
(S&P: BBB), 24-hour, freestanding CVS investment property located in Modesto, CA. The tenant has approximately 9 years of firm term remaining with 1 (1-year)
and 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS is America’s leading retail pharmacy and has more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, a leading pharmacy benefits manager with approximately 90 million plan members, and a dedicated senior pharmacy care business serving more than 800,000 patients per year. The site is ideally positioned as the only 24-hour pharmacy in the trade area and recently acquired the prescriptions from the former Rite Aid pharmacy directly across the street, effectively capturing displaced demand and solidifying its role as the primary pharmacy destination in the market. Lastly, the asset can be purchased free and clear or with the assumption of CTL zero cash flow financing, which also includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction (see page 17 for more details).
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
12 916 pi²
Classe d’immeuble
B
Année de construction
2010
Prix
5 622 480 $ CAD
Prix par pi²
435,31 $ CAD
Taux de capitalisation
8,04%
Revenu net d’exploitation
451 919 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,23
Taille du lot
1,27 AC
Zonage
C - Commercial
Stationnement
60 places (5,07 places par 1 000 pi² loué)
Façade
Commodités
- Intersection avec signalisation
- Service au volant
- Accessible aux fauteuils roulants
- Climatisation
- Détecteur de fumée
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 120-33-26 | Évaluation des bâtiments | 6 768 555 $ CAD |
| Évaluation du terrain | 1 624 570 $ CAD | Évaluation totale | 8 393 126 $ CAD |
Impôts fonciers
Numéro de lot
120-33-26
Évaluation du terrain
1 624 570 $ CAD
Évaluation des bâtiments
6 768 555 $ CAD
Évaluation totale
8 393 126 $ CAD
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CVS - Zero Cash Flow Leasehold | 1700 Mchenry Ave
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