CVS

Highlights

• Absolute NNN Lease with No Landlord Responsibilities - The tenant is responsible for all expenses, including property taxes, insurance, roof, structure, and site maintenance, making this a true passive investment.
• Corporate Guarantee from CVS Health (NYSE: CVS) - Lease is backed by a Fortune 500 company with an S&P BBB credit rating and anational presence of over 9,000 locations.
• Essential Retail Use with Recession-Resilient Demand - Pharmacy tenants provide daily necessity goods and demonstrate strong performance across all economic cycles.
• Freestanding 14,375 SF Building - Positioned on a prominent corner parcel offering excellent visibility and convenient access
• Located in a High-Traffic Retail Corridor - Situated along Cortaro Road that sees 31,654 VPD and surrounded by major retailers including Walmart, LA Fitness, PetSmart, and Dutch Bros.
• Long-Term Tenancy with Strong Lease Stability - CVS has operated at this location since 2005 and is in a 20-year lease with 13 years remaining, through January 2039.
• Reliable Cash Flow with Built-In Rent Increases - Annual rent is $315,000 ($26,250 per month) with ten f ive-year renewal options. Each option includes a 2.5% rent increase.
• Strong Demographics in Surrounding Trade Area - Roughly 92,000 residents live within five miles, with average household incomes of $121,683

Location

Getting Around

• Walk Score ®

  48/100 Car-Dependent

• Bike Score ®

  60/100 Bikeable

Points of Interest