CVS Pharmacy KY Portfolio

Property Type: | Property Status: Sold

CVS Pharmacy Portfolio

Property Details

Price: $5,365,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: NNN

Location Info


City: Louisville & Murray

State: KY


Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of a Kentucky CVS Pharmacy portfolio, consisting of the CVS located in Louisville off Brownsboro Road and the Murray location located off N. 12th Street. Both locations are 10,200 S.F. and conveniently located in the immediate vicinity of residential neighborhoods, retail, schools and other major employers. Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the owners, a private investment group out of New York, whom Dan has worked with on multiple transactions in the past. Dan also found the buyer for the off-market deal, whom is a client that Dan has worked with on several other past transactions. The sale of the portfolio was for $5,365,000, representing an 8.33% CAP Rate. CVS has 5.5 years of lease term remaining at both locations and the rental rate drops in the option periods by approximately 17.5%.