Similar Listings of Interest
Dark Walgreens | Hopkinsville, KY
2626 Fort Campbell Boulevard - Hopkinsville, KY 42240
Cap Rate: 11.50%
Available
$2,700,000
Tenant: CVS Pharmacy | Farmville, VA
Premises: 13,225 SF
Renewal Options: 5 x 5 Years
Lease Expiration: 01/31/2041
Lease Type: Absolute NNN
Rental Increases: Flat Through Term, 10% Increase at Options
Sands Investment Group is Pleased to Present For Sale the CVS Pharmacy Drugstore Absolute NNN Property Located in Farmville, Virginia. This Opportunity Has Approximately 18.5 Years Remaining on an Absolute Triple Net (NNN) Lease and Features Rare 10% Increases in Each of the Five (5 Year) Option Periods. The Asset is Located Within Walking Distance to Longwood University, a 154-Acre Campus With Over 6,300 Students and Staff. Additionally, the Property Benefits From a Destination Location With Adjacent Tenants Including a UVA Dialysis Clinic Creating an Additional Built in Customer Base. CVS is the Largest Pharmacy Provider in the Country By Prescription Revenue and Features an Investment Grade Credit Rating of BBB (S&P Global Ratings). This Investment is Perfect for a 1031 Buyer and Offers a Long-Term Secure Income Stream and Investment Grade Credit Rating With a Pandemic and Recession Resistant Tenant.
In Cooperation With: Scott Reid & ParaSell Inc., a Licensed VA Broker #0226032019 – Scott Reid & ParaSell, Inc. Works With Prospective Virginia Resident Buyers – SIG Works With Non-Resident Prospective Buyers
View Similar Investment Opportunities
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
CVS Pharmacy is the second largest pharmacy chain in the United States with more than 9,900 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.
5901 Springboro Pike - Dayton, OH 45449
2626 Fort Campbell Boulevard - Hopkinsville, KY 42240
806 Nissan Drive - Smyrna, TN 37167
Please complete form below to continue.
Please complete form below to continue.
By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use