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CVS Pharmacy

Peoria, Arizona

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Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 9856 W. Peoria Avenue in Peoria, Arizona. There are currently 12.61 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is $484,048. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Long-Term Absolute Triple Net (NNN) Lease Approximately 12.61 Years Remaining
✓ CVS Corporate Guaranty | Investment-Grade Credit
✓ Fee Simple Ownership
✓ Zero Landlord Responsibilities
✓ Ten (10), Five (5)-Year Tenant Renewal Option Periods

Key Details

Price:
$9,980,371
Cap Rate:
4.85%
Annual Rent:
$484,048
Address:
9856 W. Peoria Avenue, Peoria, Arizona 85345
Property Type:
Net Leased Pharmacy
Lease Type:
Triple-Net (NNN)

Original Lease Term:
25 Years
Lease Commencement:
November 1, 2009
Lease Expiration:
October 31, 2034
Lease Term Remaining:
12.61 Years
Lot Size:
+/- 1.45 Acres
Building Size:
13 SF
Year Built:
2009
Tenant:
CVS Pharmacy

Broker of record

Ryan Sarbinoff

License: BR675146000


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