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CVS 99 Shaw Ave., Clovis, California, 93612

 
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Verified : 2/9/2016 Sold

CVS 99 Shaw Ave., Clovis, California, 93612

$3,750,000.00   / ForSale

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Property Highlights

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$3,750,000.00
Sale Price:
$3,750,000.00
Price/SF:
Unlisted
CAP Rate (%):
4
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
67,954
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Unlisted
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
14,576
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
1
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

*Pride of Ownership - Brand New Construction - Investment Grade Tenant (CVS) - Proven Location - Brand New 25 Year Fixed Term* We are pleased to offer to qualified investors an opportunity to purchase a single tenant investment that is fully ground leased to CVS Pharmacy (S&P Rated BBB+ , with Stable Outlook - Investment Grade Credit). This is a brand new absolute NNN ground lease with 25 years of fixed term and 8-5 year option periods. There are 7% rental increases for each option period. The building is comprised of 14,576 square feet situated on a 1.56 acre lot.

Location Description

Situated on a shopping center outparcel,CVS Pharmacy - an investment grade company - is headquarted in Woonsocket, RI and operates over 7,450 CVS stores and over 65,000 pharmacies. In 2013, CVS ranked fortieth in the Fortune Global 500 list of the world' s largest companies and thirteenth in the US-only Fortune 500. It operates stores in 42 states as well as Puerto Rick and the District of Columbia. It employs over 203,000 people and is the largest pharmacy care provider in the United States with offerings across the entire spectrum of pharmacy care. This is a unique opportunity to purchase a brand new CVS ground lease backed by investment grade credit with 25 years of fixed term and situated within an infill retail corridor that provides high traffic flow, excellent demographics and national retailers such as Walmart, Target and Kohl' s.