CVS

39 Meadow Street, Clinton, NY

Deal Type:

Net Lease

Price:

$3,562,583

Cap Rate:

6.25%

Current Rent:

$222,661

Lease Type:

DoubleNet

Landlord Responsibilities:

Roof, structure, parking lot

Lease Expiration Date:

Approx. 11 years

Renewal Options:

Four, 5-year

Building Sq. Ft.:

10,055

Rent Increases:

None

Site Size:

1.62 acres

Access Offering Memorandum

Investment Highlights

CVS corporate guarantee with over 11 years of guaranteed rent remaining
Investment grade tenant | Moody’s Baa1 and S&P BBB
Long term operating history of 14 years at this location
Business deemed “essential” and is paying rent
Average household incomes of ~$110k for 1, 3, and 5-mile radius

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Download Offering Memorandum

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CVS