CVS Pharmacy NNN Property For Sale
A portfolio of 18 well-located CVS stores comprising over 206,000 square feet of retail space. These properties are offered as highly leveraged zero-cash-flow investments, each with attractively priced loans that fully amortize prior to lease expiration. The portfolio provides significant passive losses, ideal for offsetting unsheltered cash flow from other real estate investments. Each property benefits from an absolute net lease, with CVS responsible for all repair and maintenance. The 25-year leases recently commenced, and the loans were recently structured with zero cash flow debt.
- Asking price $105.37M
- 3.90% cap rate
- NOI $4.11M
- 16.4 years remaining
- NNN lease
Asset type: Retail