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CVS | Approx 11yrs Abs NNN | DriveThru 3560 W Peoria Ave 13,085 SF Retail Building Phoenix, AZ 85029 $3,821,000 ($292.01/SF) 8.75% Cap Rate
Investment Highlights
- Approximately 11 Years Remaining | Drive Thru Equipped Investment Grade Tenant (S&P: BBB) | Close to Arizona State
- Signalized, Hard Corner Intersection | Dense Retail Corridor |Close to Metrocenter Mall and other Shopping Centers
- Absolute NNN | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, investment grade (S&P: BBB), drive-thru equipped, CVS investment property located in Phoenix, Arizona. The tenant has approximately 11 years remaining with 8
(5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District if Columbia and Puerto Rico.
(5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District if Columbia and Puerto Rico.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,085 SF
Building Class
B
Year Built
2009
Price
$3,821,000
Price Per SF
$292.01
Cap Rate
8.75%
NOI
$334,310
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.50 AC
Zoning
C-2 - Intermediate Commercial
Parking
40 Spaces (3.06 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Security System
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 149-32-666B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $416,694 |
Property Taxes
Parcel Number
149-32-666B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$416,694
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CVS | Approx 11yrs Abs NNN | DriveThru | 3560 W Peoria Ave
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