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.
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