CVS Wheaton IL
key features
- Triple-Net (NNN): Absolutely zero landlord responsibilities. Tenant responsible for all maintenance and repair, including roof and structure.
- Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS
- Long-Term Lease: 25-year lease with 10 five-year extensions
- Zero Cash Flow Financing: Assumable self-amortizing financing with below-market fixed 3.901% interest rate.
- Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments.
- Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt.
Learn more about Zero Cash Flow: https://vimeo.com/294203894
Property Details
Property Type | Retail |
Property Subtype | Freestanding, Single Tenant, Zero Cash Flow |
Year Built | 2016 |
Store Number | 10677 |
Lease Type | NNN |
Lease Expiration | January 31, 2043 |
Square Footage | 13,273 |
Acreage | ± 1.69 |
Price | $6,550,000 |