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The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Bir h Health Ce ter
I gha Cou t Health Depart e t
5001 Forest Hill Ave, Richmond, VA 23225
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Bir h Health Ce ter
I gha Cou t Health Depart e t
5001 Forest Hill Ave, Richmond, VA 23225
PROPERTY SUMMARY
Triple Net Investment Group is pleased to present an opportunity to purchase a CVS Pharmacy in the dominant and established location of Richmond VA serving the community for more than 19 years . In 2011-12 lease were extended to 25 years and currently over 19 years remaining on the lease. The lease calls for 5 five years option with 5% rental increase. CVS Pharmacy offers Customers the convenience of pharmacy and ample parking, This CVS Pharmacy is located on a hard corner near national tenants such as Davita, Bank of America, Suntrust, Pub, Carpet Cuts, Exxon and more... .
INVESTMENT HIGHLIGHTS
Fortu e Corporate Guara tee CVS
A solute NNN lease ith ears re ai i g
Close to eigh orhood shops i ludi g O’Tooles Restau-ra t a d Pu , Da ita, Red o , Ba k of A eri a, Carpet uts, E o fueli g statio a d others
,, People i iles radius
$ , A erage household i o e i iles radius
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
INVESTMENT HIGHLIGHTS
Lot Size - 1.0 Acres
Building Size -10, 125 sq ft Over 242k Population in 5 miles
Lease Starts Date 1/24/1998
Lease Ends Date 1/31/2037
5 Five year option with 5% rent increase
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
ABOUT THE TENANT
CVS Health Corporation is an American drug retailing company with a U.S. pharmacy chain. CVS Health provides pharmacy services through its more than 9,600 CVS/pharmacy and Longs Drugs retail pharmacies, more than 1,100 walk-in medical Clinics, leading pharmacy benefits manager with nearly 80 million plan members serving more than one million patients per year.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Property Information
Property CVS Pharmacy - Richmond, VA 23225 Property Address 5001 Forest Hill Ave, Richmond, VA 23225
Land Size 1.0 Acres
Building Size 10,125 sq ft NOI $ 216,960/Year Cap Rate 5%
Options 5-Five year option with 5% rent increase
Year Built 1998
Lease Start Date June 24, 1998
Lease End Date January 31, 2037
Price $ 4,339,200
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
ABOUT THE AREA CVS is the second largest pharmacy chain after Walgreens in the United States, with more than 7,600 stores, and is the second largest US pharmacy based on total prescription revenue. As the retail pharmacy division of CVS Caremark, it ranks as the 13th largest company in the world according to Fortune 500 in 2013. CVS Phar-macy's leading competitor Walgreens ranked 37th. This CVS Pharmacy is conveniently with in short distance to Davita dialysis center . This central location is ideally close to neighborhood shops including O’Tooles Restau-rant and Pub, Redbox, Bank of America, Carpet cuts, Exxon fueling station and others.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
De ographi s
1-mi 3-mi 5-mi 2015 Male Population 5,139 52,377 116,143
2015 Female Population 6,081 57,164 126,672
2015 Total Daytime Population 7,521 122,216 355,184
2015 Total Population 11,220 109,541 242,815
2015 Household Income: Median $ 43,061 $41,444 $ 43,645
2015 Household Income: Average $ 63, 485 $ 60,682 $ 63,254
2015 Total Population: Adult 9,337 91,345 198,139
2015 Total Employees 2,146 64,863 222,389
2015 Occupied Housing Units 5,021 44,359 91,915
2015 Vacant Housing Units 370 3,435 7,781
2015 Renter Occupied Housing Units 2,401 26,674 46,325
2015 Owner Occupied Housing Units 2,620 17,685 45,590
2015 Households 5,253 46,899 99,131
2015 Housing Units 5,391 47,794 99,695
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
ROBERT GAMZEH
Managing Director Triple Net Investment Group Inc. 100 North Washington Street Suite #210
Falls Church, VA 22046
Tel: (202)361-3050
Email: [email protected]