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0 Views • Aug 26, 2024 • Click to toggle off description
Tenant is responsible for the 3 key expenses of the property:
Property tax, insurance, repairs, and maintenance.
Long-term lease.
Increasing rent over the lease term.
No management necessary.
CVS Triple Net (NNN) Commercial Property
📍 Fort Pierce, Florida
💰 Price: U$ 5,360,000
Cap Rate: 6.35%
🗓️ Contract Terms: 11+ years
Lease Type: Absolute NNN
Investment Highlights
NOI: US $340,000
Year Built: 2010
Building Area: Approx. 14,125 Sq. ft = 1,312 m²
Lot: 71,003 Sq. ft = 6,596 m²
Annual Expenses: NNN Tenant is responsible for all expenses including property tax, insurance, and maintenance.
Contract Terms: 11+ years contract remaining until 01/31/2036.
Increases: 8.8% in first option period, 10% thereafter.
Extensions: Five (5), Five (5) year options.
Guarantor: Holiday CVS, LLC - CVS Corporate. CVS currently has 9,967 locations throughout the nation and employs nearly 260,000 people.
Price and availability are subject to change without notice.
💻 For more information, visit https://imoveisnaflorida-usa.com/
#Dillerlmóveis #TripleNet #NNN #RealEstate # #Florida
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Uploaded At Aug 26, 2024 ^^
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RYD date created : 2024-11-28T16:32:33.1856186Z
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