NEW PRICE | ABSOLUTE NNN | +14 YEARS | NO RENT HOLIDAY | 6.85% CAP RATE

NEW PRICE | 6.85% CAP RATE | ABSOLUTE NNN | +14 YEARS | NO RENT HOLIDAY

Colliers is pleased to present the opportunity to acquire an absolute NNN-leased CVS Pharmacy with +14 years of remaining term and no rent holiday in Paducah, KY. The property was built in 1999 for CVS. In 2019, CVS agreed to a rare 20-year lease extension, confirming CVS’s commitment to this trade area and building location. Attractively located in the low-income tax, southern state of Kentucky, CVS is paying a modest annual rent of $223,100. The $3,256,934 price offers an investor a very high-credit corporate guarantee at a low price point rarely found in the market. The property is available debt-free. The owner is currently offering for sale two similar CVS properties in Gadsden, AL, and Black Mountain, NC. Both with 20-year extensions in 2019, absolute NNN leases, no rent holidays. The three properties can be purchased individually or as part of a portfolio acquisition.