Property Details

CVS Pharmacy

Gaithersburg, MD
Property ID: 9803

Financial Summary

Asking Price $7,630,000
Cap Rate 5.90%
Net Operating Income (NOI) $450,000
Lease Type Ground Lease, NNN
Lease Term Remaining 11 Years, 10 Months

Offering Memorandum

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Contact

Jonathan W. Hipp
President & CEO
703.787.4725
Natalia Nunno
Associate Director
703.787.4715

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Highlights

  • Corporate CVS ground lease with 11 years, 10 months remaining in firm term
  • Hard corner, signalized intersection
  • Multiple points of ingress/egress
  • Washington, DC MSA, located in affluent Montgomery County
  • Rare 10% increases in options
  • 24 hour store

Net Lease Advisor

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Location

19100 Montgomery Village Ave
Gaithersburg, MD

Amanda WillisCVS Pharmacy