CVS Net Lease Property Drugstore NN Lease Alabama

Investment Offering

Tenant: CVS Pharmacy | Sylacauga, AL
Premises: 10,055 SF
Renewal Options: 6 x 5 Years

Lease Expiration: 1/31/2030
Lease Type: NN
Rental Increases: 5% at Options

Sands Investment Group is Pleased to Present Exclusively For Sale the CVS Net Lease Property Located at 2 N Broadway Avenue in Sylacauga, Alabama.

Over 9 Years Remaining on a 25-Year Double Net (NN) Lease With Limited Landlord Responsibilities
CVS Has Successfully Operated at This Location Since 2005, Showing Commitment to the Site
Highly Visible and Highly Trafficked Site Sitting on the Signalized Hard Corner of N Broadway Avenue (10,966 VPD) the Primary North-South Thoroughfare in Town
The Site is Ideally Located Within Close Proximity to Multiple Residential Communities, Local Businesses, and Public Schools Including Sylacauga High School and B.B. Comer High School
Site Sits 3 Blocks From Coosa Valley Medical Center, Which Has 222 Staffed Beds
Sylacauga Has Been Named One of the “100 Best Communities For Young People” By America’s Promise Alliance and is Considered to Be One of “Alabama’s Best Kept Secrets”
Limited Competition in the Market
Nearby Tenants Include: Dollar General, Family Dollar, Arby’s, Wendy’s, Home Depot, Walmart Supercenter, AutoZone, Zaxby’s and More
Strong Corporate Guarantee From CVS Caremark (NYSE: CVS), Which Has an S&P Investment Grade Credit Rating of “BBB”
The Tenant Has Over 10,000 Locations Across 49 States and Washington D.C., Puerto Rico and Brazil

In Cooperation with BoR: Andrew Ackerman – Lic. #C0001099750

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Tenant Overview

CVS Pharmacy is the second largest pharmacy chain in the United States with more than 10,000 locations in 49 states including the District of Columbia and Puerto Rico. The company was founded in Lowell, Massachusetts and originally named the Consumer Value Store. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations and total prescription revenue. As the retail pharmacy division of CVS Health, it ranks as the 12th largest company in the world serving 5 million customers each day. CVS 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 and Longs Drugs retail stores. It also provides healthcare services to more than 1,100 MinuteClinic medical clinics in 33 states including the District of Columbia. As a pharmacy innovation company, CVS focuses on charitable giving in ways that will help people on their path to better health by improving health outcomes and building healthier communities. Their in-store fundraising campaigns, in-kind donations and corporate grants provide support for national nonprofit partners that are focused on helping people on their path to better health.

Area Overview