CVS Absolute NNN
For Sale
Contact for pricing
252 Orange Ave, West Haven, CT 06516
Absolute NNN structure places no landlord responsibilities on the leasehold owner.
Property SizeContact for details
Days on Market145
Property Features for 252 Orange Ave
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Michael Shover · License #PA RS297166
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 2:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This leasehold interest involves a CVS location at 252 Orange Ave in West Haven, Connecticut. The store has operated at the site since 2000, and its lease was recently extended for an additional 10 years. The absolute NNN structure assigns no landlord responsibilities to the leasehold owner.
The lease includes four 5-year renewal options, with a 6% rental increase during each option period. The master ground lease has 3 years remaining in its current term and includes seven renewal options. After the 21st year of rent commencement in 2021, the leasehold owner may elect to purchase the land at fair market value. The lease is corporately guaranteed by CVS, which is rated BBB+ by Standard & Poor’s.
The lease includes four 5-year renewal options, with a 6% rental increase during each option period. The master ground lease has 3 years remaining in its current term and includes seven renewal options. After the 21st year of rent commencement in 2021, the leasehold owner may elect to purchase the land at fair market value. The lease is corporately guaranteed by CVS, which is rated BBB+ by Standard & Poor’s.
Key Highlights
- CVS has operated at the site since 2000
- Absolute NNN lease with no landlord responsibilities
- Lease recently extended for 10 years
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 30%
Apparel 2%
McDonald's
Dining
28,985 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,786 visits/mo
0.5 miles
7-Eleven
Shops & Services
11,382 visits/mo
0.5 miles
Dairy Queen
Dining
10,592 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,276 visits/mo
0.4 miles
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN structure places no landlord responsibilities on the leasehold owner.
Where is this nnn property located?
The property is located at 252 Orange Ave West Haven, CT.
What are key features of this property?
This property features: CVS has operated at the site since 2000; Absolute NNN lease with no landlord responsibilities; Lease recently extended for 10 years
