Farmington Hills, Michigan – Our Net Lease Properties information this morning is on a Tenant CVS. Agree Realty Corporation have recently purchased another net lease investment with a top Tenant. The net lease investment with CVS Caremark Corporation is located at the intersection of Storrs Road and Middle Turnpike Road in Mansfield, Connecticut. The purchase of this net lease property was for approximately $3,297,000. The net lease contract has the Tenant, CVS with approximately 16 years remaining on their base term.
This net lease investment has the address of 632 Middle Turnpike in Mansfield, Connecticut. Mansfield is approximately 85 miles south-west of the Boston – Logan International Airport. Mansfield is a known as a vibrant, and informative community which offers their residents and visitors very unique cultural events, recreational opportunities, and educational benefits. Some net leased properties Tenants nearby include Dunkin’ Donuts, Bank of America, Starbucks and other Retail Tenants. Many NNN Commercial Real Estate Investors are seeking Triple Net Lease Properties with a solid national Credit Tenant.
CVS Pharmacy is one of the largest pharmacy chains in the United States. They are leasing in many Triple Net Lease Properties locations, with approximately 6,200 stores across 40 states. As the retail pharmacy division of CVS Caremark, it sells prescription drugs and a wide assortment of general merchandise, including over-the counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards and convenience foods through their CVS/pharmacy retail stores and online through They provide healthcare services through its Minute Clinic healthcare clinics as well as their Diabetes Care Centers. Most of these clinics are located within CVS stores which make for great Tenants for Triple Net Lease Properties.
Agree Realty is involved in the ownership, management and development of Commercial Properties. The majority of their Investment Property Portfolio are primarily Net Lease Properties. These Net Lease Investments are made up of single tenant properties leased to major retail tenants and neighborhood community shopping centers. Agree Realty owns and operates an Investment Property Portfolio of 78 commercial properties. Their Commercial Real Estate Investments are located in 16 different states and contains approximately 3.7 million square-feet of leasable space.
Feel free to Contact us to sell or purchase various Net Lease Properties. If you are in need of funding for a Net Leased Property, Loanrise.com can assist you with CTL Financing or Investment Property financing.