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CVS Pharmacy Offering

511 N Main St, Evergreen,Elwood, AL,IN, 30125-2301, US

CVS Pharmacy Offering_Property for Sale

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CVS Pharmacy Offering 2_Property for Sale

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire fee-simple interest in two different CVS assets located in Indiana and Alabama. The Assets are in growing, pro-business states and are positioned in retail corridors in their respective cities. They can be acquired individually or as a package. CVS is a premier healthcare provider, generating the largest total prescription revenue in the nation throughout its almost 10,000 sites nationwide. CVS is operating on a brand-new lease extension, a testament to the confidence CVS corporate has in the site. 

Attributes

Asking Price
$10,486,000
Building area gross
23,791 sf
Occupancy
100.00%
Land area Gross
2.77 acres (120,661 sf)
CVS Pharmacy Offering (2 Properties)
CVS Pharmacy Offering (2 Properties)

Investment highlights

EXCELLENT REAL ESTATE FUNDAMENTALS

      Located in the pro-business environments that provide business with a low cost of doing business, low taxes, and economic incentives

      Situated in downtown areas and retail corridors, driving vehicle traffic to the sites.

BRAND NEW 15-YEAR EXTENSION

      Due to the strength of the location, CVS executed a brand-new 15-year lease extension displaying their long-term commitment to the site.

      Absolute NNN Lease requires zero landlord responsibilities throughout the lease term. 

INVESTMENT GRADE TENANCY

      CVS boasts investment grade credit (S&P: BBB).

      The Tenant reported $290.9 billion in revenue in 2021 and currently holds a market cap of $141.8 billion.

      Employing 300,000+ people at almost 10,000 locations, CVS is one of the largest corporations in the nation, ranking No. 4 on the Fortune 500.

CVS Pharmacy Offering 4_Property for Sale
CVS Pharmacy Offering 4_Property for Sale

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Last updated
Aug 17, 2022