19100 Montgomery Village Gaithersburg, MD 20886

  • 13,635 Square Feet
  • Retail
  • For Sale

Summary Description

We are pleased to offer a STNL fully leased to CVS Pharmacy. This is an absolute NNN leasehold lease with approximately 14 years of fixed term remaining with 4-5 year option periods. Additionally, there are fixed increases at each option; with three options remaining, an Owner will most likely enjoy a significant increase in rent at the end of the final option. As of June 30, 2014, it operated 7,705 retail drugstores, 860 health care clinics, 17 onsite pharmacies, 24 retail specialty pharmacy stores, 11 specialty mail order pharmacies, 4 mail service dispensing pharmacies, and 84 branches, as well as 6 centers of excellence for infusion and enteral services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014.

Property Status: Absolute NNN Leasehold Investment

Price: $3,985,000.00

Building Size: 13635 Square Feet

Area Available: 13,635 Square Feet

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