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CVS Pharmacy - New 10 Year Lease Extension 259 W Main St
11,978 SF Retail Building Batavia, NY 14020 $6,258,613 CAD ($523 CAD/SF) 7% Cap Rate
Investment Highlights
- New Lease Extension 10+ Year Term - Six 5-Year Option Periods 5% Increases Every Option
- CVS Pharmacy (NYSE: CVS) – Investment Grade Credit Tenant - Rated “BBB” by S&P’s
- Positioned on Hard Corner Signalized Intersection W Main St (33,400 VPD) & S Lyon St
- No Rent Holiday - Absolute NNN Lease - Zero Landlord Responsibilities Effortless Return for Years to Come
- Long Term Occupancy – Occupied this Location Since 2007 - Corporate Guaranty
- 11,978 SF Standalone Building with Drive-Thru – Large 1.4 Acre Parcel
Executive Summary
The 11,945 SF building with drive-thru is strategically located on the hard corner signalized intersection of W Main Street (33,400+ VPD) and S Lyon Street and is within a mile from Batavia Downs Gaming and Hotel and numerous retail attractions. Batavia Downs is a premier entertainment destination with an expansive casino, hotel, horse racetrack, concert amenities and more. Town Center at Batavia, a 400,000 SF shopping mall, is anchored by Target, Kohl’s, Dick’s Sporting Goods and ULTA Beauty. Other nearby retailers include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Top’s Friendly Markets, McDonald’s, Chipotle, Five Guys, Dunkin’ and Taco Bell. This is an excellent opportunity to own a recently extended absolute NNN leased CVS between Buffalo and Rochester New York with long term operating history, no landlord responsibilities and rent increases every option and a corporate guaranty period providing years of worry-free income.
Property Facts
Amenities
- Pylon Sign
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- -
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$9.99
-
Lorem Ipsum
-
Jan 0000
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 180200-084-010-0002-013-000 | Improvements Assessment | $2,305,956 CAD |
| Land Assessment | $194,931 CAD | Total Assessment | $2,500,887 CAD |
PROPERTY TAXES
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CVS Pharmacy - New 10 Year Lease Extension | 259 W Main St
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