Property details

CVS Anchored Center, Great Lakes - Big Rivers Region

Additional Loan Info

The construction loan is still currently in place, so a new buyer can purchase debt free or with new debt.

Property Description

The package price includes a CVS PHARMACY, a 14,000 S.F. SHOPPING CENTER, and a 5,000 S.F. RESTAURANT PAD

Newly constructed CVS built in 2005, a 14,000 s.f. in-line shopping center completed in 2007, and a 5,000 s.f. pad ready restaurant site. 8 tenants all started June 2007. Brand new construction strip center.

This shopping Center is shadow anchored by a free-standing CVS. May be purchased with or without the CVS. There is also a vacant developed 5,000 s.f. restaurant pad that must be purchased with the center

The CVS can be purchased separately. The shopping center and restaurant pad must be purchased together.

The CVS Pharmacy by itself is located at http://1031comex.com/properties/detail/509

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Highlights

Status:
Available
Price:
$9,320,000
PSF:
$666
Cap Rate:
6.07%
Annual Rent:
$566,180
Rent Increases:
None
 

Property Information

Building Size:
14,000 sq.ft.
Property Type:
Shopping Center
Industry Type:
Retail
Units/Spaces:
11
Year Built:
2005
Land Area:
2.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.