NNN Pro Group is pleased to present the exclusive listing for a CVS located at 601 North Loop 274, Angleton, TX. The site consists of 12,229 rentable square feet of building space on estimated 2.21-acre parcel of land. This CVS is subject to a 25-year absolute triple-net (NNN) lease, which commenced March 1st, 2010. The current annual rent is $285,217. The Seller will credit purchaser at closing $857,451 to cover the discontinued rental income during the rent holiday in the last three years of lease term.
About the Investment:
✓ Long-Term, 25-Year Absolute Triple Net (NNN) Lease
✓ Approximately 11 Years Remaining on the Lease
✓ Seller Will Credit Buyer At Closing For Three Year Rent Holiday
✓ Time Value of Money | Value of Credit Today is Worth More Than Its Value in the Future
✓ CVS Corporate Guaranty | Investment Grade Credit | “BBB+” S&P Credit Rating