Phone: 212.972.7457 Fax: 212.686.0078 [email protected]www.exp1031.com Price: $4,553,000 | NOI: $214,000 | CAP: 4.70% CVS Pharmacy Ground Lease 26 Davis Street – Watertown, CT New Absolute Triple Net Lease | Ground Lease Fee New construction (2013) – Relocation Store 20+ year operating history in the immediate area At signalized intersection CVS Corp Guarantee | Investment Grade Tenant Low rent deal | 10% Increase in first option Representative Photo Actual property This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
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CVS Pharmacy - EXP Realty Advisors - Watertown, CT.pdf · EXP Realty Advisors exclusively presents for sale this new CVS in Watertown, CT. ... primarily under the CVS Pharmacy, CVS,
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This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
CVS Ground Lease
Investment Overview
PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale this new CVS in Watertown, CT. The property is located on 1.70 acres of land on which CVS constructed a new 12,900 sf store. CVS moved to this location from an existing, inline location with very strong sales which had been open for over 20 years. This new site is at the signalized intersection of Main St and Davis St which has average daily traffic counts of 16,000+ vpd. The property is next to Swift Middle School and Watertown High School. LOCATION OVERVIEW: Watertown is a town in Litchfield County, CT and is a suburb of Waterbury. Watertown borders the towns of Woodbury, Middlebury, Litchfield, Plymouth, Bethlehem, and Thomaston. Watertown is approximately 30 miles south west of Hartford and 30 miles north west of New Haven. State and federal roads connect Watertown to surrounding towns and more distant areas of the State. US Route 6 crosses through the center of Watertown. Route 262 connects to Route 8 which is a multi-lane north-south highway. Route 6 intersects with Route 63, which intersects with Interstate 84. The connections link Watertown with Danbury, Hartford and areas along the Massachusetts Turnpike. LEASE SUMMARY: Rent Commencement: September 2013 Lease Expiration: September 2038 Current Rent: $214,000 ($16 psf) Options: Five, (5) year options Options Escalations: 10% in the first option and 5% for the remaining 4 options Lease Type: Absolute triple net ground lease with no Landlord responsibilities TENANT OVERVIEW: CVS Caremark Corporation (NYSE: CVS | S&P: BBB+): CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services As of December 31, 2015, operates 9,655 retail stores in 49 states, the District of Columbia, Puerto Rico, and Brazil primarily under the CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy, and Drogaria Onofre names; online retail pharmacy Websites; and 32 onsite pharmacy stores, long-term care pharmacy operations, and retail health care clinics. It operated 11 specialty mail order pharmacies and 5 mail order dispensing pharmacies, and 83 branches for infusion and enteral services. The Retail/LTC segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, seasonal merchandise, and greeting cards, as well as provides photo finishing services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1892 and is headquartered in Woonsocket, RI.
INVESTMENT SUMMARY
Price: $4,553,000
CAP Rate: 4.70%
NNN Rent: $214,000
Bld. Sq Ft: 12,900 sf
Land Size: 1.70 acres
Lease Type: Fee Simple
Absolute Triple Net
Whisper Valley Ranch
Area History
SITE PLAN This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
CVS Ground Lease
Site Plan
Whisper Valley Ranch
Area History
AERIAL This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
CVS Ground Lease
Aerial
Whisper Valley Ranch
Area History
AERIAL This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Whisper Valley Ranch
Property Line Map
CVS Ground Lease
Aerial
Whisper Valley Ranch
Property Line Map
CVS Ground Lease
Location Map
LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.