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Phone: 212.972.7457 Fax: 212.686.0078 [email protected] www.exp1031.com Price: $4,553,000 | NOI: $214,000 | CAP: 4.70% CVS Pharmacy Ground Lease 26 Davis Street Watertown, CT New Absolute Triple Net Lease | Ground Lease Fee New construction (2013) Relocation Store 20+ year operating history in the immediate area At signalized intersection CVS Corp Guarantee | Investment Grade Tenant Low rent deal | 10% Increase in first option Representative Photo Actual property This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

CVS Pharmacy - EXP Realty Advisors - Watertown, CT.pdf · EXP Realty Advisors exclusively presents for sale this new CVS in Watertown, CT. ... primarily under the CVS Pharmacy, CVS,

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  • Phone: 212.972.7457 Fax: 212.686.0078 [email protected] www.exp1031.com

    Price: $4,553,000 | NOI: $214,000 | CAP: 4.70%

    CVS Pharmacy

    Ground Lease

    26 Davis Street Watertown, CT

    New Absolute Triple Net Lease | Ground Lease Fee

    New construction (2013) Relocation Store

    20+ year operating history in the immediate area

    At signalized intersection

    CVS Corp Guarantee | Investment Grade Tenant

    Low rent deal | 10% Increase in first option

    Representative Photo Actual property

    This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

    http://www.bsro.jobs/about_bsromailto:[email protected]?subject=CVS%20-%20Watertown,%20CT%20-%20Inquirymailto:[email protected]?subject=CVS%20-%20Watertown,%20CT%20-%20Inquiryhttp://www.exp1031.com/

  • INVESTMENT OVERVIEW

    Whisper Valley Ranch

    Investment Overview

    This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

    Whisper Valley Ranch

    Property Line Map

    CVS Ground Lease

    Investment Overview

    PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale this new CVS in Watertown, CT. The property is located on 1.70 acres of land on which CVS constructed a new 12,900 sf store. CVS moved to this location from an existing, inline location with very strong sales which had been open for over 20 years. This new site is at the signalized intersection of Main St and Davis St which has average daily traffic counts of 16,000+ vpd. The property is next to Swift Middle School and Watertown High School. LOCATION OVERVIEW: Watertown is a town in Litchfield County, CT and is a suburb of Waterbury. Watertown borders the towns of Woodbury, Middlebury, Litchfield, Plymouth, Bethlehem, and Thomaston. Watertown is approximately 30 miles south west of Hartford and 30 miles north west of New Haven. State and federal roads connect Watertown to surrounding towns and more distant areas of the State. US Route 6 crosses through the center of Watertown. Route 262 connects to Route 8 which is a multi-lane north-south highway. Route 6 intersects with Route 63, which intersects with Interstate 84. The connections link Watertown with Danbury, Hartford and areas along the Massachusetts Turnpike. LEASE SUMMARY: Rent Commencement: September 2013 Lease Expiration: September 2038 Current Rent: $214,000 ($16 psf) Options: Five, (5) year options Options Escalations: 10% in the first option and 5% for the remaining 4 options Lease Type: Absolute triple net ground lease with no Landlord responsibilities TENANT OVERVIEW: CVS Caremark Corporation (NYSE: CVS | S&P: BBB+): CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services As of December 31, 2015, operates 9,655 retail stores in 49 states, the District of Columbia, Puerto Rico, and Brazil primarily under the CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy, and Drogaria Onofre names; online retail pharmacy Websites; and 32 onsite pharmacy stores, long-term care pharmacy operations, and retail health care clinics. It operated 11 specialty mail order pharmacies and 5 mail order dispensing pharmacies, and 83 branches for infusion and enteral services. The Retail/LTC segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, seasonal merchandise, and greeting cards, as well as provides photo finishing services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1892 and is headquartered in Woonsocket, RI.

    INVESTMENT SUMMARY

    Price: $4,553,000

    CAP Rate: 4.70%

    NNN Rent: $214,000

    Bld. Sq Ft: 12,900 sf

    Land Size: 1.70 acres

    Lease Type: Fee Simple

    Absolute Triple Net

  • Whisper Valley Ranch

    Area History

    SITE PLAN This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.

    It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

    Whisper Valley Ranch

    Property Line Map

    CVS Ground Lease

    Site Plan

  • Whisper Valley Ranch

    Area History

    AERIAL This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.

    It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

    Whisper Valley Ranch

    Property Line Map

    CVS Ground Lease

    Aerial

  • Whisper Valley Ranch

    Area History

    AERIAL This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.

    It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

    Whisper Valley Ranch

    Property Line Map

    CVS Ground Lease

    Aerial

  • Whisper Valley Ranch

    Property Line Map

    CVS Ground Lease

    Location Map

    LOCATION MAP This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.

    It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

  • DEMOGRAPHIC DATA This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.

    It is the Purchasers responsibility to independently confirm the accuracy and completeness of the information contained herein.

    Whisper Valley Ranch

    Property Line Map

    CVS Ground Lease

    Demographic Data

    Contact Us

    EXP Realty Advisors 118 East 28th Street

    Suite #901 New York, NY 10016 www.exp1031.com

    Our Team

    Daniel de Sa

    Director of Sales Phone: (212) 972-3947

    E-mail: [email protected]

    Robert P. James President

    In association with

    Connecticut RE License: REB.0789853

    Radius 1 Mile 3 Mile 5 Mile

    Population:

    2016 Projection 11,351 51,778 121,900

    2011 Estimate 11,224 52,063 122,185

    2010 Census 11,193 52,365 123,051

    Growth 2011-2016 1.10% -0.50% -0.20%

    Growth 2010-2011 0.30% -0.60% -0.70%

    2011 Population By Hispanic Origin 1,155 9,922 30,111

    2011 Population by Race:

    White 9,558 38,333 82,386

    Black or African American 739 6,633 18,855

    American Indian and Alaska Native 34 213 610

    Asian 187 857 2,095

    Native Hawaiian and Pacific Islander 1 9 36

    Other Race 449 4,298 13,655

    Two or More Races 256 1,719 4,549

    2011 Households:

    2016 Projection 4,392 19,629 46,704

    2011 Estimate 4,315 19,684 46,906

    2010 Census 4,301 19,783 47,256

    Growth 2011-2016 1.80% -0.30% -0.40%

    Growth 2010-2011 0.30% -0.50% -0.70%

    Owner Occupied 2,937 12,654 26,233

    Renter Occupied 1,379 7,029 20,673

    2011 Avg Household Income $68,959 $71,904 $64,693

    2011 Med Household Income $56,882 $55,413 $47,860

    2011 Per Capita Income $27,155 $27,410 $25,159

    2011 Households by Household Inc:

    Income Less than $15,000 422 2,482 7,833

    Income $15,000 - $24,999 391 1,850 5,289

    Income $25,000 - $34,999 374 1,736 4,696

    Income $35,000 - $49,999 645 2,700 6,330

    Income $50,000 - $74,999 888 3,661 8,211

    Income $75,000 - $99,999 714 2,538 5,437

    Income $100,000 - $149,999 646 3,086 5,733

    Income $150,000 - $199,999 174 1,084 2,115

    Income $200,000+ 62 547 1,261

    http://www.exp1031.com/mailto:[email protected]?subject=CVS - Watertown, CT - Inquiry