STREAM Capital Partners > Properties > All Properties > CVS

CVS

Net Lease

485 Columbia St, Cohoes, NY
Price:
$2,923,076
Cap Rate:
6.5%
Current Rent:
$190,000
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Expiration Date::
Approx. 15 years
Renewal Options:
2 x 5 Years
Building Sq. Ft.:
10,880 SF
Rent Increases:
Flat
Site Size:
1.10 Acres

Investment Highlights

  • Long Term Commitment: CVS Just Extended for 15 Years Proving Strong Commitment to the Site.
  • Location: Property sits on a highly desirable 1.10 acre parcel at a signalized intersection
  • Dense and Growing Population: Nearly 150,000 people within a 5-Mile radius
  • Low Price Point Pharmacy: Opportunity to Acquire 15 Year CVS at Low Price Point due to Replaceable Rents
  • Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P.
  • Neighboring High School: Less than .5 mile walk from Cohoes High School ~ 540+ student enrollment
Price:
$2,923,076
Cap Rate:
6.5%
Current Rent:
$190,000
Lease Type:
DoubleNet
Lease Expiration Date::
Approx. 15 years
Renewal Options:
2 x 5 Years
Building Sq. Ft.:
10,880 SF
Rent Increases:
Flat
Site Size:
1.10 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Taylor Trepinski

Vice President
786.684.1975[email protected]

Broker of Record: Mike Antonoplos, Lic. #NY-109923763

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