STREAM Capital Partners > Properties > All Properties > CVS

CVS

Net Lease

1400 N High St, Hillsboro, Ohio
Ownership Type:
Fee Simple
Price:
$2,615,384
Cap Rate:
6.50%
Current Rent:
$170,000
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof & Structure
Renewal Options:
2, Five-year
Building Sq. Ft.:
10,125 SF
Rent Increases:
Flat
Site Size:
1.49 Acres

Investment Highlights

  • Minimal Landlord Responsibilities: NN lease structure as the landlord is only responsible for roof and structure.
  • Long-Term Lease: 12 years of remaining term.
  • Well Positioned: Situated on N High St, one of the main throughfares in Hillsboro, with a traffic count of 15,000 VPD.
  • Retail Dense Area: Located nearby to other national tenants such as Walmart Supercenter, Kroger, Lowe’s Home Improvement, Rural King, Tractor Supply Co., and more.
  • Investment Grade Credit: The lease is guaranteed by CVS Health Corp., rated BBB by Standard and Poor’s.
  • Strong Sales: The tenant reports extremely high sales at this location.
  • New Lease Extension: Tenant extended the lease early illustrating a strong commitment to the location.
Ownership Type:
Fee Simple
Price:
$2,615,384
Cap Rate:
6.50%
Current Rent:
$170,000
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof & Structure
Renewal Options:
2, Five-year
Building Sq. Ft.:
10,125 SF
Rent Increases:
Flat
Site Size:
1.49 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, License #: BRK.2009000214

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