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9141 Olive Blvd
Olivette, MO 63132
Zero Cash Flow | St. Louis MSA | Absolute NNN · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Investment-Grade Corporate Guaranty — CVS Caremark Corporation (NYSE: CVS)
- Assumable CMBS Loan — ~$2.78M at 7.507% Fixed, Maturing January 2032
- Debt-Free Ownership by January 2032 — Then $532,064/yr NNN from February 2035
- Absolute NNN — Zero Landlord Obligations
- Structured Zero-Coupon Design — Disclosed & By Design
- ~9 Years of Remaining Guaranteed Term | Two 5-Year Extension Options
Résumé de l'annonce
CVS Pharmacy Absolute NNN | 9141 Olive Boulevard, Olivette, MO 63132 | $5,500,000 | 10.75% In-Place Cap Rate
Manor Real Estate is pleased to exclusively offer for sale CVS Pharmacy Store #5670, a 13,712 SF single-tenant absolute NNN investment property located on a 3.0-acre signalized corner in Olivette, Missouri. The property is offered at $5,500,000, representing a 10.75% in-place cap rate on current NOI of $591,182 per year.
This is a structured zero-coupon investment — not a current-income vehicle. Phase 1 rent is sized to match CMBS debt service exactly, producing zero net cash flow to the investor through January 2032 by design. Buyers seeking current distributions should not pursue this offering. Buyers targeting long-horizon equity accumulation, mortgage paydown by a Fortune 10 tenant, and significant depreciation benefits will find this structure compelling.
The deal features an assumable CMBS loan of approximately $2.78M at 7.507% fixed interest, fully amortizing to $0 by January 2032 — with CVS rent covering 100% of debt service. A 36-month rent abatement follows (February 2032–January 2035) during which CVS continues to pay all property operating costs. Beginning February 2035, unencumbered NNN income of $532,064/yr commences with no debt and no landlord obligations.
The guaranty is a full corporate guarantee from CVS Caremark Corporation (NYSE: CVS), rated investment-grade by S&P (BBB) and Moody's (Baa3), surviving any assignment. CVS pays all taxes, insurance, roof, structure, HVAC, and maintenance — the landlord holds title and nothing more.
The property sits at the epicenter of one of St. Louis County's most active development corridors, with $250M+ of new retail and residential construction underway including Costco, Target, Dierbergs, and 400+ luxury apartment units.
Offered exclusively by Manor Real Estate | Eddie Cherry, CCIM | 314.322.2510 | Eddie@ManorRealEstate.com
CA required prior to financial disclosure. All-cash, 1031 exchange, and assumable mortgage basis accepted.
Manor Real Estate is pleased to exclusively offer for sale CVS Pharmacy Store #5670, a 13,712 SF single-tenant absolute NNN investment property located on a 3.0-acre signalized corner in Olivette, Missouri. The property is offered at $5,500,000, representing a 10.75% in-place cap rate on current NOI of $591,182 per year.
This is a structured zero-coupon investment — not a current-income vehicle. Phase 1 rent is sized to match CMBS debt service exactly, producing zero net cash flow to the investor through January 2032 by design. Buyers seeking current distributions should not pursue this offering. Buyers targeting long-horizon equity accumulation, mortgage paydown by a Fortune 10 tenant, and significant depreciation benefits will find this structure compelling.
The deal features an assumable CMBS loan of approximately $2.78M at 7.507% fixed interest, fully amortizing to $0 by January 2032 — with CVS rent covering 100% of debt service. A 36-month rent abatement follows (February 2032–January 2035) during which CVS continues to pay all property operating costs. Beginning February 2035, unencumbered NNN income of $532,064/yr commences with no debt and no landlord obligations.
The guaranty is a full corporate guarantee from CVS Caremark Corporation (NYSE: CVS), rated investment-grade by S&P (BBB) and Moody's (Baa3), surviving any assignment. CVS pays all taxes, insurance, roof, structure, HVAC, and maintenance — the landlord holds title and nothing more.
The property sits at the epicenter of one of St. Louis County's most active development corridors, with $250M+ of new retail and residential construction underway including Costco, Target, Dierbergs, and 400+ luxury apartment units.
Offered exclusively by Manor Real Estate | Eddie Cherry, CCIM | 314.322.2510 | Eddie@ManorRealEstate.com
CA required prior to financial disclosure. All-cash, 1031 exchange, and assumable mortgage basis accepted.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Condition de vente
1031 Échange
Type de propriété
Commerce de détail
Sous-type de propriété
Pharmacie
Taille du bâtiment
13 712 pi²
Classe d’immeuble
B
Année de construction
2009
Prix
7 469 000 $ CAD
Prix par pi²
544,71 $ CAD
Taux de capitalisation
10,75%
Revenu net d’exploitation
802 825 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,10
Taille du lot
3,00 AC
Zone de développement économique
Oui
Zonage
Commercial Retail - Commercial Retail — Single Tenant Pharmacy
Façade
335’ sur OLIVE BLVD
Commodités
- Affichage
- Climatisation
Impôts fonciers
| Numéro de lot | 17L-63-1106 | Évaluation des bâtiments | 664 143 $ CAD |
| Évaluation du terrain | 848 438 $ CAD | Évaluation totale | 1 512 581 $ CAD |
Impôts fonciers
Numéro de lot
17L-63-1106
Évaluation du terrain
848 438 $ CAD
Évaluation des bâtiments
664 143 $ CAD
Évaluation totale
1 512 581 $ CAD
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