CVS Pharmacy - Bristol, TN

308 E Cedar St
Bristol , TN 37620

CVS Pharmacy - Bristol, TN - Retail for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a single-tenant CVS Pharmacy (the “Property” or “Asset”) located in Bristol, TN. The Asset is leased to CVS Pharmacy, a staple investment-grade tenant among the net lease investor community. The offering features accretive in-place financing, significantly reducing the equity requirement needed for acquisition of the Asset. Broker of Record - Robert Metcalf TN - 325438

Investment Highlights


  • Ideal net lease fundamentals with over 22 years of term and zero landlord responsibilities
  • Lease guaranty from CVS Health Corporation; Moody's rated Baa1 (investment-grade)
  • No competing national pharmacy retailer within a three-mile radius
  • Exceptional store sales performance; in-line relocation CVS to freestanding asset
  • Tennessee considered a tax-friendly investment environment
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 308 E Cedar St, Bristol, TN 37620-3928
Land In Acres 52707
Building Size 12,059  ft2
Financial
Price $4,550,000
Cap Rate 5.21%
Current NOI $236,986.00
Lease
Tenant's Name CVS Caremark Corporation
Lease Type NNN
Annual Rent $236,986.00
Lease Expiration Date 01/31/2041
Remaining Term 22Yrs

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details
    , TN
    Type(s):     Industrial
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
    Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
  • Bob's Discount Furniture - Stoughton, MA
    601 Technology Center Dr
    Stoughton, MA 02072-4719
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
    Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
  • Walgreens - Fall River, MA
    328 Rhode Island Ave
    Fall River, MA 02721-2330
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,050,000
    Space Available:     14,820 ft2
    Walgreens - Fall River, MA, FALL RIVER, JLL PowerSearch
  • Walgreens - East Providence
    600 Warren Ave
    East Providence, RI 02914-2808
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
    Walgreens - East Providence, East Providence, JLL PowerSearch
  • Walgreens & Bank of America - Londonderry, NH
    131 Nashua Rd
    Londonderry, NH 03053-3604
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,375,000
    Space Available:     Contact Us
    Walgreens & Bank of America - Londonderry, NH, Londonderry, JLL PowerSearch
  • Bob's Discount Furniture
    515 Boston Post Rd
    Orange, CT 06477-3509
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
    Bob's Discount Furniture, Orange, JLL PowerSearch