Historical Retail Sale Listing - CVS - ZERO - Cash Flow in 8½ yrs - $ REDUCED

Retail For Sale

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CVS - ZERO - Cash Flow in 8½ yrs - $ REDUCED

2525 Oakwood Avenue NW, Huntsville, AL 35810

N/A

10,195 SF | Retail

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Prototypical location

Retail Property - Off Market

Price:
N/A
Building Size:
10,195 SF
Property Type:
Retail
Property Sub-type:
Retail Pad
Additional Sub-types:
Anchor
Property Use Type:
Net Lease Investment with
9 years left on lease
Commission Split:
1.25%
Cap Rate:
9.30%
No. Stories:
1
Tenancy:
Single
Year Built:
2000
Lot Size:
75,358 SF
Listing ID
18073702
Last Updated
49 days ago

Highlights

  • Near term high cash flow potential
  • Original 22+ year lease (8½ years remain) plus 10 renewal options
  • Very low price point
  • Absolute Triple Net lease
  • Corporate guaranteed investment grade credit tenancy

Description

This is an absolute NNN Zero Cash Flow property. All of the rent paid goes towards the loan payments. The above cap rate shown is based on rent after the existing loan is paid off. Loan payoff date is January 10, 2023 (about 8½ years from now). Cash on Cash Return is almost 20% upon loan payoff.

The subject is a well located full service, drive thru CVS drug store at the signalized corner of Oakwood Ave and Pulaski Pike in one of the state's most important cities. The property is close to commercial and residential uses including a Circle K gas station on the opposite corner as well as numerous national tenants a couple blocks away on Memorial Parkway that include Costco, Kroger and many others. The famous Huntsville Country Club is directly across the street from the subject property.

Map of 2525 Oakwood Avenue NW, Huntsville, AL 35810 (Madison County)

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Created 3/13/2013