The purchase of a 20 year NNN CVS Ground-lease offers the 1031 exchange Buyer a well located Property with a secure cash flow stream with major upside as the lease has 5% increases every five years. There is extra security as the investor owns the asset that CVS constructed on the site should they fail to pay the rent.

The lease is an absolute 20 year NNN Lease with no landlord responsibilities.

PROPERTY TYPE:  CVS Ground-lease

Location:                  SC

Size:                       Total 14,000 square feet on approx 1.25 A.

Lease Term:            20 years absolute NNN Lease with options

Cap Rate                 Years 1 - 5 rent of $150,000 for 6% cap.

                                with 5% increases every five years.

Future cap rate:   

Price:                      $2,500,000

Existing Loan:          None