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676 Southbridge St
Auburn, MA 01501
Asking Price
$4.89M
Cap Rate
6.75%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Retail | 6.75% CAP | 10,125 SqFt <p><strong>LONG TERM LEASE:</strong> CVS has been at this location since it was constructed for them in 1997. Originally on a 20-year NN lease with a percentage rent clause; CVS modified their lease in 2004, recasting the lease to a full 25-year term, increasing the annual rent, converting the lease to NNN, and removing the percentage rent clause (CVS hit their natural breakpoint in each lease year through 2004), demonstrating their commitment to the site and the market. Additionally, CVS paid f
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NOI
$80,000
Cap Rate
1.64%
DSCR
0.28
Underwater
Cash-on-Cash
-14.34%
Monthly Payment
$24,187.55
Annual Cash Flow
$-210,250.604
