600 Court St Fulton, MO 65251

This exceptional investment opportunity presents a 5,079-square-foot CVS Pharmacy located at 600 Court St, Fulton, MO 65251. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $110,000. The single-tenant, net-lease property features a credit-rated CVS Pharmacy tenant under a lease with a remaining term of approximately 6.2 years, expiring January 31, 2031. The lease includes four 5-year renewal options, with a 5% rent increase every five years, ensuring consistent income growth. The property sits on an 8,712-square-foot lot and is strategically located within one mile of Fulton State Hospital, benefiting from limited pharmacy competition. The asking price is $1,833,333, translating to a price per square foot of $360.96. This investment offers minimal landlord responsibilities and the security of a corporate guarantee from CVS Corporation, a tenant with a strong S&P rating. The property's 100% occupancy and long-term lease provide a stable and attractive investment opportunity. This is a triple-net (NNN) lease, meaning the tenant is responsible for most operating expenses. The property is a single-unit retail building.