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CVS Pharmacy

Hebron, Connecticut

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The NNN Pro Group is pleased to present the exclusive listing for the CVS property located at 110 Main Street in Hebron, CT. The property consists of roughly 13,335 rentable square feet of building space on an estimated 2.34-acre parcel of land. CVS is subject to a long-term lease with 14+ years remaining on the primary term. The current rent is $240,000 with 5% increases at the start of each option period. There are six (6), five (5)-year tenant renewal options, extending the total possible lease term.

About the Investment:

✓ Long-Term, 25-Year Absolute Triple Net (NNN) Lease | 14+ Years Remaining
✓ CVS Corporate Guaranty | Investment Grade Credit | “BBB+” S&P Credit Rating
✓ Compelling Real Estate Fundamentals | Located Less Than 20-Miles from Hartford, CT| Site is Equipped with a Drive-Thru Pharmacy Pick Up
✓ Excellent Ease of Access and Visibility Off Main Street
✓ Ranked in the 73rd Percentile of all CVS Pharmacy’s Nationwide on Placer.AI*
✓ Limited Drug Store Competition

Key Details

Price:
$4,000,000
Cap Rate:
6.00%
Annual Rent:
$240,000
Address:
110 Main St, Hebron, Connecticut 06248
Property Type:
Net Lease Pharmacy
Lease Type:
Triple Net (NNN)

Original Lease Term:
25 Years
Lease Commencement:
May 25, 2012
Lease Expiration:
June 2, 2038
Lease Term Remaining:
14+ Years
Rental Increases:
In Each Option Period
Lot Size:
+/- 2.34 Acres
Building Size:
13,225 SF
Year Built:
2013
Tenant:
CVS Pharmacy

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: REB.0792373


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