It is a newly built pharmacy, located in one of the small towns in the vicinity of Albany, New York state.
The one-storey building has been constructed in 2015.
The total area is 1,228 m².
The pharmacy was built by the tenant project and is already fully leased out.
Absolute income is 421,564 $.
The current yield of 5%.
Tenant is a CVS — one of the largest pharmacy health care providers in the US and one of the three key players in drugstore business.
The annual turnover of the company exceeded $130 billion and operating income for 2014 amounted to $8.8 billion.
The lease agreement is signed for 25 years until 2040 with an extension options for 10x5 years. The rent for the first two five-year option periods remains fixed at 100% of the primary term rent.
The lease agreement is NNN, all operating and maintenance costs are borne by the lessee, including roof and structure.