+44 20 3608 1267

New pharmacy near the Albany with a 5% yield

7,838,000 €
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Total area: 1,228 m² Yield: 5.0%
  • Absolute return: 390,790 €
  • Built in 2015
  • 1-floor building
  • Renter: 100%

It is a newly built pharmacy, located in one of the small towns in the vicinity of Albany, New York state.

Description

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.

Financial performance

Absolute income is 421,564 $.

The current yield of 5%.

Tenants

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.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Albany
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