CVS | Approx 8yrs Remain Abs NNN | DrThru
15,600 SF | Retail Building | Las Vegas, NV 89156 | $3,996,000 ($256/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,996,000
- Property Type
-
Retail
- Square Feet
- 15,600 SF
- Price / Square Foot
- $256
Listing Contacts
Patrick Luther
Verified Profile
- Property Info
Property Overview
SRS Real Estate Partners, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, freestanding CVS investment property located in Las Vegas, Nevada. The tenant has approximately 8 years remaining with 10 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in an income tax free state. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia and Puerto Rico.
Property Details
- Class
- C
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Drug Store, Freestanding
- Lot Size (sq. ft)
- 60,984 SF
Highlights
- Approximately 8 Years Remaining | Investment Grade Tenant (S&P: BBB) | Drive-Thru Equipped
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
- Signalized, Hard Corner Intersection | Albertsons Anchored Center
- Strong Demographics In 5-Mile Trade Area
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