CVS
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
1600 East County Line Rd., Ridgeland, MS 39157
PROPERTY INFORMATION
Price:
$4,472,287
Cap Rate:
8.0%
Term Remaining:
4 Years
Status:
Closed
INVESTMENT SUMMARY
– Lease Guaranteed by Mississippi CVS Pharmacy, LLC which is a Wholly Owned by CVS Caremark Corp.
– NNN Lease Provides Landlord with Zero Responsibilities
– Built-to-Suit for Eckerd’s in 2001 & Acquired by CVS in 2004
– Currently there are 4.5 Years Remaining on the Primary Term
– Two (2.0%) Rental Increase in Each Option Period
– CVS Corporation is Rated BBB+ by Standard & Poor’s
– Four (4), Five (5) Year Options with Increases Throughout