|Current / Passing Rent||S$315,100|
|Lot Size||1.2 ACRES|
CVS Pharmacy for sale in Louisville, Kentucky. Located at a prominent, hard-corner, signalized intersection in a dense retail corridor with over 1 million square feet of retail space within 1 mile of the asset. National retailers in the vicinity include Lowe’s, Barnes & Noble, Bonefish Grill, and Carraba’s Italian Grill. Set in an affluent area with 195,000 residents with an average household income over $102,000 within a 5-mile radius.
- Rare fee simple interest in a CVS
- Property features an absolute NNN lease structure, with a recently extended primary 20-year term
- Ownership is selling the ground interest as well as the leasehold interest
- Future ownership will have the option of selling one or both off to reduce their overall basis
- Corporate guarantee from an investment grade tenant and the largest U.S. pharmacy by total prescription revenue