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    CVS
    $3,282,000
    Plus Lexington Park, MD
    Offering Memorandum
    Lease Type
    NN
    Cap Rate
    5.48%
    Property Type

    Retail

    Building Size
    10,125 SF
    NOI
    $180,000
    Land Area
    1.3 AC
    Remaining Term
    18.8 Years
    Status
    Sold
    Michael Zimmerman
    Michael Zimmerman
    Founder
    Property Highlights
    Prime Investment

    The tenant recently extended the base term of this NN lease by 20 years, which includes a corporate guarantee and multiple options to renew. The annual rent increases by 20 percent in the first option period, and increases an additional three percent in each of the remaining options to renew.

    Strategic Retail Location

    This CVS site sits at a signalized intersection near a growing retail corridor with connections to major highways, including Interstates 95 and 495.

    Growing Market

    Lexington Park is an affluent area in Maryland with a prominent military presence that provides a $3 billion impact to the local economy annually.

    CVS
    Lexington Park, MD
    View Details