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252 Orange Ave
West Haven, CT 06516
Retail Property For Sale
PROPERTY FACTS
About 252 Orange Ave , West Haven, CT 06516
CBRE is pleased to exclusively present for sale this leasehold interest CVS located at 252 Orange Ave in West Haven, CT. CVS has been successfully operating at this site since 2000 and recently extended its lease 10 years showing commitment to the site. This is an absolute triple net lease with no landlord responsibilities. There are four, five year options to renew the lease with a 6% rental increase in each option period. The master ground lease which commenced in 2000 has 3 years remaining on its current term, with seven options to renew the lease. Following the 21st year of rent commencement (2021), the leasehold owner has the option to buy the land at fair market value. The lease is corporately guaranteed by CVS, an investment grade credit tenant rated BBB+ by Standard & Poor's.
PROPERTY TAXES
| Parcel Number | WHAV-000065-000455 | Improvements Assessment | $779,158 |
| Land Assessment | $935,350 | Total Assessment | $1,714,509 |
PROPERTY TAXES
