CVS Pharmacy | $3.4M Price Reduction

NNN Pro Group is pleased to present the exclusive listing for CVS Pharmacy located at 3323-3329 Connecticut Ave NW in Washington, DC. The site consists of roughly 8,754 rentable square feet of building space on estimated 0.23-acre parcel of land.
This property is an absolute triple net (NNN) lease with uncapped CPI increases that are not to be lower than 3.00% annually. There are no option periods remaining, which leaves the new owner the ability to structure a long-term lease in an infill location that CVS has operated out of for over 50 years. The current rent is $1,036,176 and is currently priced at a 7.00% CAP. The location has incredible demographics, with the average household income within 1-mile being $159,800. There are also 29,900 residents within 1-mile and 801,500 within 5-miles.

About the Investment:

✓ Trophy Washington D.C. Location | Over 50 Years Of Tenancy At This Location
✓ Premier Location Along Connecticut Ave | North/South Corridor Connecting the Extremely Affluent Neighborhoods in Cleveland Park to the Capitol District of D.C.
✓ Annual Increases | Uncapped CPI Increases | Minimum 3% Per Year!
✓ Phenomenal Demographics
✓ 1 Mile Radius | 29,900 Residents Earning $159,800 AHHI
✓ 3 Mile Radius | 363,500 Residents Earning $150,300 AHHI
✓ 5 Mile Radius | 801,500 Residents Earning $146,000 AHHI
✓ National Landmark Presence | The White House | The Capitol Building |The Supreme Court of the United States | The Lincoln Memorial | The Washington Monument |The Smithsonian National Air and Space Museum | The Smithsonian National Museum of Natural History | The United States Botanic Gardens and Several More in the Immediate Area