2660 Jerusalem Ave
Bellmore, NY 11710
CVS · Retail Property For Sale

CBRE is pleased to exclusively present for sale this leasehold interest CVS located on Long Island in New York. CVS has been successfully operating at this site since 1997 and recently extended its lease 20 years showing commitment to the site. This is a triple net lease with minimal landlord responsibilities, and an 8% rental increase in years 10 and 15 of the base term, and in the one, five year option to renew. The master ground lease which commenced in 1996 has 6 years remaining on its current term, with 5 options to renew the lease and 10% rental increases every 5 years. CVS has strong sales at this location with sales of $12.5 million in 2016 and $11.72 million in 2015. The lease is corporately guaranteed by CVS, an investment grade credit tenant rated BBB+ by Standard & Poor's.