1030 Main St | Lexington, MO 64067
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1030 Main St
Lexington, MO 64067
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- Low price point for Investment Grade Tenant (S&P: BBB)
- Minimal Landlord Responsibilities
- Strategically located near Lafayette Regional Medical Center and next to Lexington Medical Clinic
- Corporate Guarantee by CVS Corporation
- Long Term Lease(7 years) with options to renew
- 5% rent increase every five years
Executive Summary
Triple Net Investment Group is pleased to present an opportunity to purchase a CVS located in Lexington, MO. This CVS has a NOI of $100,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 2,195 Sq ft with a lot size of 5,663 Sq ft. This CVS location has a long term occupancy and commitment to the site. CVS Pharmacy having a S&P Rating of BBB+ makes this a stable investment for years to come.
Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles,
Missouri 63301
Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles,
Missouri 63301
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
2,195 SF
Building Class
B
Year Built
1900
Price
£1,312,833
Price Per SF
£598
Net Initial Yield
6%
NOI
£78,770
Tenancy
Single
Number of Floors
1
Building FAR
0.39
Lot Size
0.13 AC
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