$10,992,580

CVS Pharmacy, Billings, Montana

A single story building of 13225 sq. ft. on 2.3 acres of land. Triple net lease with no landlord responsibility, guaranteed by CVS Caremark. Corner property of a major intersection Lease summary: Term: 25 years Annual rent, NOI: $549,629 Escalations: Flat during base lease term. Rent commencement: 12/22/2009 Initial term expiration date: 1/31/2035 Options: Two fixed rate extensions of 5 years, eight extensions of 5 years at fair market rental value. This property is being sold by owner together with another CVS in Porter, Texas. 5.0 cap rate.
Updated 11-Feb-2015
Viewed 1 times today, 101 in the last 30 days