Property Details

CVS Pharmacy

Baltimore, MD
Property ID: 10024

Financial Summary

Asking Price $2,167,000
Cap Rate 8.00%
Net Operating Income (NOI) $173,360
Lease Type NN

Offering Memorandum

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Andrew Fallon
Executive Managing Director

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  • Dense in-fill location with population counts exceeding 200,000 in 3 miles
  • Established location since 1995; CVS exercised 1st option in 2015
  • Affordable rent at $13.75/SF
  • Attractive basis in the real estate at $170/SF
  • Investment grade credit (S&P: BBB)
  • Signalized corner next to Dunkin’ Donuts with traffic counts of 20,000 VPD

Net Lease Advisor

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5407 Harford Rd
Baltimore, MD

Traci BidingerCVS Pharmacy