CVS Pharmacy | Farmville, VA
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.
- Over 18 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Long Term Corporate Guarantee From CVS Caremark (NYSE: CVS), S&P Investment Grade Credit Rating of “BBB”
- Five (5) Year Options Periods With 10% Increases
- Daily Needs & Necessity Based Tenant Making the Property Pandemic & Recession Resistant
- CVS Pharmacy is the Top Drug Store in the Country Based on Prescription Drug Revenue Holding Nearly 25% of the Prescription Drug Market
- Established, High Credit Single Tenant Pharmacy Store – CVS Has Over 9,900 Locations Across 49 States and Washington D.C., Puerto Rico and Brazil
- Walking Distance to Longwood University, a 154-Acre Campus With Over 6,300 Students and Staff
- Over 13,000 Residents With an Average Household Income of $54,454 Within a 5-Mile Radius
- Nearby Tenants Include: Burger King, Pizza Hut, UVA Dialysis Farmville, Buffalo Wild Wings, BB&T, Bojangles’ Famous Chicken ‘n Biscuits, AutoZone Auto Parts and More
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
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