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806 Hoke St
Gadsden, AL 35903

$2,497,810 USD

Drugstore For Sale  •  10,406 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 10,406 SF
  • Lot Size 2.52 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 6.85 %
  • Tenancy Single
  • Zoning B-1
0 Transit Score
44 Walk Score

Highlights

Absolute NNN Lease, with approximately 14.5 years of primary term remaining. No Rent Holiday. Attractive $16.44 Annual Rent
The tenant is responsible for all operating expenses, taxes, insurance, and repairs and maintenance resulting in zero Landlord obligations.
The lease is 100% guaranteed by CVS Health Corporation which holds an S&P: BBB credit rating.
The corporate guarantee provides an investor with added income security
Price reduced, 6.85% CAP!

Property Flyers

Cap Rate: 6.85 %

Major Tenants

Tenant SF Occupied Lease End Date
CVS Pharmacy 10/1/2039

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 56
Type: Surface
Included in Rent: Yes
Jon Busse 760-438-8950 Colliers
Jon Busse 760-438-8950 Colliers