CVS Pharmacy Springfield, MO 3045 W Republic Rd Local commercial 1 231 m² À vendre Springfield, MO 65807 2 697 345 € (2 190,42 €/m²) Taux de capitalisation 7,05 %

INVESTMENT SUMMARY: HMX Realty Advisors is pleased to offer for sale a Zero Cash Flow CVS Pharmacy located in Springfield, MO, a major medical and educational hub. This Fee Simple property totals 13,225 square feet of retail space with 13.5 years of term remaining on an absolute bond triple-net lease with no landlord responsibilities whatsoever. This property is offered with a Zero Cash Flow structure with Paydown Re-Advance available. Loan to value is 58% and the cap rate is 7.05%.
The property is on 2.34 acres of land, and the lease is 100% guaranteed by CVS, an Investment Grade company. The property is ideal for a 1031 Exchange. The Zero Cash Flow structures allows a 1031 Exchange buyer the ability to acquire the asset for virtually all cash ($3,150,000) and have the debt re-advanced to $1,811,590 immediately post-closing. The mortgage proceeds from the re-advanced loan are not subject to capital gains or income tax, however, HMX Realty Advisors is not qualified to give legal, or tax advice.
CVS is responsible for the continuation of rent in the event in the event of a casualty (Bond Triple Net). This structure is superior to an absolute triple net lease in this regard. The existing debt self-liquidates over the next 11 years and has an interest rate of 4.7%. There is a 2.17-year rent holiday starting in December 2036.
AREA SUMMARY: The property is located at the signalized intersection of W. Republic Road and S. Farm Road in Springfield, MO, just south of the exit and on ramp to US Route 60, one of the connecting loop roads around Springfield.