Retail-Commercial for Sale
Catylist Listing ID: 30798135
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 10,722 SF
Gross Building Area: See Agent
Gross Land Area: 1.18 Acres
Sale Price: $2,975,000
Unit Price: $277.47 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2022

Overview / Comments

NEW 10-YEAR LEASE - CVS executed a new 10-Year lease with (4) 5-Year Renewal Option Periods.

BUILDING - Renovations include New EPDM roof with 20 year warranty, Freshly Painted Metal Awnings and Structures, All exterior lights Replaced with low maintenance LED lighting, New Asphalt and parking lot striping.

EXCELLENT LOCATION - The property is located on the corner of busy intersection in an active trade area centrally located in city. High producing store close to hospital.

CORPORATE GUARANTEE - The lease is corporately guaranteed by CVS Corporation.

Additional Details

Nearest MSA: Crossville
County: Cumberland
Tax ID/APN: 018100J B 00201
Retail Clientele: General
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1997
Year Renovated: 2021
Roof Type: Other
Construction/Siding: Block, Metal/Glass, Steel Frame
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,154 15,808 22,611
Median Age: 37.66 41.26 43.73
Households: 493 6,547 9,448


Photograph of Listing Agent

Danika Bull

Keller Williams KAAR CIE Member
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