CVS Las Vegas, NV

Property Price: $2,951,000
Property Status: Available
Property Type: Retail
Cap Rate: 7.00%
Lease Type: Leasehold
Tenant Type: Single Tenant
NOI: $206,590
Building Size: 11,987 sf
Land Area: 1.47 Acres
Remaining Term: 14 Years
Expenses: NNN

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Landes Fairmount is pleased to offer for sale this CVS leasehold interest located at the southwest corner of S. Maryland Pkwy and E. Karen Ave. in Las Vegas, NV. The existing 11,987 square foot freestanding single-tenant building is leased to CVS Pharmacy Inc. on a corporate guaranteed long-term twenty-five (25) year Absolute NNN Leasehold Interest with fourteen (14) years remaining on the initial lease. CVS has six (6) renewal options after the initial lease period.

Investment Highlights: 11,987 SF Absolute NNN Leasehold. Corporate Guaranteed CVS Pharmacy Inc (NYSE: CVS; S&P BBB+ Stable) with 25 year initial term. CVS Caremark is the Largest Pharmacy Health Care Provider in the US. CVS Pharmacy has filled or managed 1.7 billion prescriptions annually since 2008. This store also sells liquor.

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Agent Contact Information

Justin Grissen
Managing Director

Austin Landes
Investment Advisor

Caleb Landes
Investment Advisor

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