CVS St. Louis, MO/St. Louis
MO

Offering Summary

GENERAL

Property Address

4100 Gravois Ave., St. Louis, MO 63116

Property Type

Absolute NNN

Buliding size

12,900 ± SF

Land Acreage

FINANCIAL

Price

$6,246,506

Cap Rate

7.05%

Current NOI

$440,410

LEASE

Lease Term

19 years

Lease Expiration

2036-01-31

Overview

  • Built in 2010 - 25 Year Base term with 19 Years Remaining with 10 Five (5) Year Options - Absolute NNN Zero LL responsibilities - Investment Grade Tenant - Zero Cash Flow Structure
  • CVS Health Corp together with its subsidiaries is one of the largest pharmacy health care providers in the United States - CVS is unique among the big retail drugstore chains in that it operates its own pharmacy benefit management, and is thus, an integrated pharmacy health care provider
  • St. Louis is an independent city in the U.S. state of Missouri, built along the western bank of the Mississippi River, on the border with Illinois. The city has an estimated 2015 population of 315,685, and is the cultural and economic center of the Greater St. Louis area, which is home to 2,916,447 people, and is the largest metropolitan area in Missouri and the 19th-largest in the United States. The economy of metro St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. Its metro area is home to major corporations, including Anheuser-Busch, Express Scripts, Centene, Boeing Defense, Emerson, Energizer, Panera, Enterprise, Peabody Energy, Ameren, Ralcorp, Monsanto, Scottrade, Edward Jones, Go Jet, Purina and Sigma-Aldrich. This city has also become known for its growing medical, pharmaceutical and research presence. St. Louis has 2 professional sports teams: the St. Louis Cardinals of Major League Baseball and the St. Louis Blues of the National Hockey League. The city is commonly identified with the 630-foot tall Gateway Arch in Downtown St. Louis.