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CVS 7 Essex Way 14,518 SF Retail Building Essex Junction, VT 05452 $5,319,230 ($366.39/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- #1 CVS in the State of Vermont Per Placer.AI
- Newly Extended 15-Year Lease
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 7 Essex Way, Essex, VT 05452. The site consists of roughly 14,518 rentable square feet of building space on an estimated 2.25-acre parcel of land. This CVS Pharmacy is subject to a 20-year Triple Net (NNN) lease, which commenced 12/1/2010. The current annual rent is $345,750 and has scheduled increases of in options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,518 SF
Building Class
C
Year Built
2011
Price
$5,319,230
Price Per SF
$366.39
Cap Rate
6.50%
NOI
$345,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.25 AC
Parking
75 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
258’ on Essex Way
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | (067) 2091008-002 | Improvements Assessment | $2,156,400 |
| Land Assessment | $198,000 | Total Assessment | $2,354,400 |
PROPERTY TAXES
Parcel Number
(067) 2091008-002
Land Assessment
$198,000
Improvements Assessment
$2,156,400
Total Assessment
$2,354,400
CONTACTS
-
Anthony Bird -
Richard Nardi -
Anthony D'Ambrosia -
Christopher Marks -
Glen Kunofsky -
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CVS | 7 Essex Way
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