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2190 Bienville Blvd
Ocean Springs, MS 39564
CVS · Retail Property For Sale
Investment Highlights
- LONG TERM LEASE (8 YEARS) - Primary Term expires 7/31/2034. CVS has operated from this location since 2009.
- OUT PARCEL TO STRIP CENTER
- STRONG DEMOGRAPHICS - Average Household Income in a 3-Mile radius is $103,106.
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
- HIGH TRAFFIC COUNTS - Approximately 39,000 Vehicles Per Day.
- CORPORATE GUARANTEE - The lease is corporate guaranteed by CVS Health Corporation.
Executive Summary
RENT HOLIDAY: 8/2031 - 7/2034 - Seller to credit 100% of the future free rent period via US Treasuries at closing or cash equivalent ($935,000)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,945 SF
Building Class
C
Year Built
2009
Price
$5,176,900
Price Per SF
$433.39
Cap Rate
7.66%
NOI
$396,551
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.11 AC
Property Taxes
| Parcel Number | 6-01-20-020.055 | Improvements Assessment | $79,934 |
| Land Assessment | $46,773 | Total Assessment | $126,707 |
Property Taxes
Parcel Number
6-01-20-020.055
Land Assessment
$46,773
Improvements Assessment
$79,934
Total Assessment
$126,707
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