CAP Rate: 5.50%
Net Operating Income: $91,500
Lot Size: 1.27 AC
This is a rare CVS/Pharmacy absolute net leased offering in Hurricane, West Virginia. The lease calls for zero landlord obligations. The tenant has six 5 year option periods. The tenant has 20 years remaining on the initial term.The asset is well situated at a signalized intersection and has a drive thru. The site is strategically located on a major commercial thoroughfare.
Hurricane is a city in Putnam County, West Virginia.
Hurricane is a part of the Huntington-Ashland, WV-KY-OH, Metropolitan Statistical Area (MSA). As of the 2010 census, the MSA had a population of 287,702. New definitions from February 28, 2013 placed the population at 363,000.