320 E Lexington St | Richmond, MO 64085
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320 E Lexington St
Richmond, MO 64085
CVS-Richmond · Retail Property For Sale
Investment Highlights
- Low price point for Investment Grade Tenant (S&P: BBB)
- Minimal Landlord Responsibilities
- Strategically located near Ray County Memorial Hospital
- Corporate Guarantee by CVS Corporation
- Long Term Lease(7 years) with options to renew
- 5% rent increase every five years
Executive Summary
Triple Net Investment Group is pleased to present an opportunity to purchase a CVS located in Richmond, MO. This CVS has a NOI of
$100,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,183 Sq ft with a lot size of 0.75
Acres. This CVS location has a long term occupancy and commitment to the site. CVS Pharmacy having a S&P Rating of BBB+ makes this a stable
investment for years to come.
Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles, Missouri
63301
$100,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,183 Sq ft with a lot size of 0.75
Acres. This CVS location has a long term occupancy and commitment to the site. CVS Pharmacy having a S&P Rating of BBB+ makes this a stable
investment for years to come.
Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles, Missouri
63301
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,183 SF
Building Class
B
Year Built
2016
Price
$2,372,066 CAD
Price Per SF
$745 CAD
Cap Rate
6%
NOI
$142,324 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 10093101005017000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $150,352 CAD |
PROPERTY TAXES
Parcel Number
10093101005017000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$150,352 CAD
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