CVS Pharmacy - Bristol, TN

308 E Cedar St Bristol , TN 37620

CVS Pharmacy - Bristol, TN - Retail for sale

Download Offering Memorandum

Overview



Single-tenant CVS Pharmacy for sale in Bristol. Includes an absolute NNN lease with 22 years remaining, and zero landlord responsibilities. The store has exceptional sales performance on a regular basis and no competing national pharmacy retailer within a 3-mile radius.

Investment Highlights


  • Fee simple interest
  • Leased to CVS Pharmacy on an NNN lease with 22 years remaining
  • Zero landlord responsibilities
  • Features accretive in-place financing 
General
Property Type Retail
Property Subtype Single Tenant / Standalone
Tenure Type Sale / Purchase
Property Address 308 E Cedar St, Bristol, TN 37620-3928
Land In Acres 52707
Building Size 12,059  ft2
Year Built 2015
Financial
Price $4,550,000
Cap Rate 5.21%
Current NOI $236,986.00
Lease
Tenant's Name CVS Health
Lease Type NNN
Annual Rent $236,986.00
Lease Expiration Date 01/31/2041
Remaining Term 21.5Yrs

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