CVS NNN Property Pharmacy Drugstore Richmond Missouri

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,183 SF CVS NNN Property Investment Opportunity Located at 320 E Lexington Street in Richmond, Missouri. This Investment Offers 5% Rental Increases Every 5 Years Including the Primary Term, Which is Rare to Find in CVS Deals, and Features a Strong Corporate Guarantee From CVS Health Corp With Limited Competition in the Area, Providing For a Secure Investment.

• CVS Pharmacy Just Extended For 10 Years, Showing Commitment to the Site
• 5% Rent Increases Every 5 Years Through Options
• Strong Corporate Guarantee From CVS Health Corp: Investment Grade Credit Tenant (S&P: BBB) – Revenues of $195 Billion
• CVS is One of the Three Largest Drugstore Chains in the U.S.; The Tenant Has Over 9,900 Locations Across 49 States and Washington D.C., Puerto Rico and Brazil
• In 2019, CVS Was Ranked 8th on the Fortune 500 and 19th on the Fortune Global 500
• CVS Health is Partnering With Several Local, State and Federal Programs to Help Administer the Covid-19 Vaccine; They Expect to Ramp Up 20 Million to 25 Million Shots Per Month
• Limited Pharmacy Competition With the Next Biggest Location South of Town at the Walmart
• Richmond is Just 40-Miles East From Downtown Kansas City
• The City Has Approximately 60 Acres of Parkland Across 5 Parks With Facilities Including: a Community Amphitheater, Swimming Pools, a Skate Park and Walking Trails
• Over 17,635 People Live Within a 10-Mile Radius Making an Average Household Income of $66,847
• Nearby Tenants Include: Dollar General, Anytime Fitness, Sonic, BP, Cenex Gas, Bank Midwest, Salvation Army, Taco Bell, Casey’s, Walmart Supercenter, McDonald’s, Subway, Burger King, Super 8, Dollar Tree and More

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