CVS NNN Asset Drugstore Johns Island South Carolina

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Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,798 SF CVS NNN Asset Located at 2803 Maybank Highway in  Johns Island, SC. This Deal Includes an Absolute Triple Net Lease (NNN) With 10+ Years Remaining and Strong Rental Increases at Options, Providing For a Secure Investment.

• Absolute Triple Net Lease (NNN) With 10+ Years Remaining
• Strong Rental Increases – 5% at Options
• Superior Location Off Maybank Hwy and River Road, Seeing Over 26,000 VPD
• Harris Teeter-Anchored Retail Center Currently Under Development, Positioned Across River Road
• CVS Has Demonstrated a Long-Term Commitment to this Location Since 2005, Highlighting its Confidence in the Property
• CVS Has Over 9,000 Locations in the U.S. and is One of the Largest Pharmacy Chains in the Country, With Stores in Nearly Every State
• Investment Grade Credit / Fortune 500 Company: Lease Corporately Guaranteed By CVS Health, the 6th Ranked Company in the Fortune 500 With an S&P Credit Rating of BBB and Over $358 Billion in Total Revenue (2023)
• Johns Island is Part of the Charleston MSA and Features an Affluent Community With an Average Household Income of Over $95,000 Within a 5-Mile Radius
• Johns Island is Located Less Than 10-Miles From Downtown Charleston, Offering an Attractive Combination of Coastal Beauty and Easy Access to South Carolina’s Largest City

In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103

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Sands Investment Group is Pleased to Exclusively Offer This CVS Absolute NNN Lease Investment Opportunity Located in Johns Island, South Carolina, a Suburb of Charleston.

• 16 Years Remaining on an Absolute Triple Net (NNN) Lease Investment Opportunity With Zero Landlord Responsibilities
• CVS Recently Extended Their Initial Lease Term For 10 Years – Showing Strong Commitment to This Location
• Attractive Rent Increases – Increasing 5% at Each of the Four (4) Option Periods
• Strong Sales, Increasing Year Over Year
• Corporate Guarantee From CVS Health Corporation (NYSE: CVS), S&P Investment Grade Credit Rating of “BBB”
• Established, High Credit Single Tenant Pharmacy Store – CVS Has Over 9,600+ Locations Scattered Across 49 States and Washington DC, Puerto Rico and Brazil
• CVS Pharmacy Fills or Manages More Than 1.9 Billion Prescriptions Every Year
• Excellent Demographics – Affluent Neighborhood of Over 70,778 People Making an Average Household Income of $78,124 Within a 5-Mile Radius
• Located Within a Dense Retail Corridor on Johns Island on a Hard Signalized Corner With Great Visibility and Access From Maybank Highway and River Road With a Combined Traffic Count of Over 27,029 VPD
• Situated Along Main Thoroughfare to and From Downtown Charleston
• Located Approximately 7.5-Miles (15 Minute Drive) to Downtown Charleston
• Central Location –  Southeast Corner of the Maybank Highway and River Road Intersection – Convenient to Kiawah/Seabrook Luxury Markets
• Maybank Corridor of Johns Island is Seeing Unprecedented Population and Commercial Growth
• Nearby Tenants Include: Food Lion, Dunkin’ Donuts, Pinnacle, Speedway, Dollar General, JI Pizza, Maria’s Mexican Grill, Low Tide Brewing and United States Postal Office

In Cooperation with Sands Investment Group Charleston, LLC – Lic # 20891

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Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities

 

• Absolute Triple Net (NNN) Lease Investment Opportunity with Zero Landlord Responsibilities
• Less Than 7 Miles from Downtown Charleston
• Select Neighboring Tenants Include: Food Lion, JI Pizza, Southern Brews Coffee, Maria’s Mexican Grill, Dunkin’ Donuts, Low Tide Brewing and the United States Postal Office
• Situated Along the Main South Thoroughfare to and from Downtown Charleston – Maybank Highway with Over 23,000 Vehicles Per Day
• Located Within a Dense Retail Corridor on Johns Island on a Hard Signalized Corner with Great Visibility
• Strong Demographics – $83,000 Household Income Within 3 Miles of Property
• Extremely Limited Nearby Drug Store Competition
• Across the Street from Food Lion – The Largest and Most Utilized Grocer in the Immediate Area