MIAMI, FL

9701 SW 72nd St, Miami, FL 33173
SQF 12,900 Tenants 1

General Information:

This Fee Simple property totals 12,900 square feet of retail space with 20 years of term remaining. This property is offered with a zero cash flow structure and paydown re-advance available, with an absolute triple-net lease and no landlord responsibilities.

The loan on each asset contains the pay-down/re-advance feature, allowing an investor to meet a larger exchange requirement and purchase the asset for limited equity. The Tenant has executed a absolute triple-net (NNN) lease with no Landlord responsibilities. The Tenant is responsible for all maintenance and repair, including roof and structure.

CVS Health Corporation (S&P: BBB, NYSE: CVS), together with its subsidiaries, is one of the largest pharmacy health providers in the United States, operating more than 9,900 retail drugstores in the United States, Puerto Rico, and Brazil.

This property is situated in a high growth location within one of the top metropolitan areas in the United States (Miami, FL). In addition, the property benefits from excellent demographics with strong established average household incomes and large populations.

The credit of CVS and the fully amortizing nature of the loans allow lenders to underwrite the assets with much higher leverage ratios than typical real estate investments. The high amount of leverage requires far less equity to be invested.