New pharmacy near the Albany

8,431,000 $
Send a request
Total area: 1,228 m² Yield: 5.0% Built in 2015
Send a request
Features
  • Absolute return: 390,790 €
  • 1-floor building
  • Percentage of the rented area: 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.

Location and nearby objects

supermarket-icon
Supermarkets
school-icon
Schools
cafe-icon
Cafe and restaurants
hospital-icon
Hospitals
airport-icon
Airports
Reset

More properties

If this property wasn’t for you, take a look at other retail space for sale in USA.

You can see more retail space for sale in Albany elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this shop
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    Send one more request
    • Bank financing from 3% annually
    • Construction site audits
    • Management company services