Property Details

CVS Pharmacy

Washington, DC
Property ID: 10701

Financial Summary

Asking Price $17,530,920
Cap Rate 5.00%
Net Operating Income (NOI) $876,546
Lease Type NNN
Lease Term Remaining 9+ Years
Increases 3% or CPI Annually

Offering Memorandum

Contact

Rick Fernandez
Senior Managing Director
703.787.4732
Jonathan W. Hipp
President & CEO
703.787.4725

Share Property

Highlights

  • 39 Year operating history
  • Continuous operation since the 1950s
  • 3% Minimum annual increases
  • Irreplaceable urban real estate
  • Nearly 9,000 square feet of prime retail space
  • Highly adaptable urban street level retail
  • Affluent demographics
  • One block from Cleveland Park Metro stop (3,525 daily riders)
  • 41,436 Average daily traffic passing along Connecticut Avenue in front of the property

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

3323, 3325-29 Connecticut Ave NW
Washington, DC

Leigh ClineCVS Pharmacy