- For Sale $5,070,560
- Property Type Retail - Freestanding
- Property Size 12,900 SF
- Lot Size 2.42 Acre
- Property Tenancy Single Tenant
- Year Built 2009
- Date Updated Sep 21, 2026
Description
-With approximately 8 years remaining on an absolute NNN lease, this deal features attractive 10% rental escalations every 5 years through the option periods. This is a corporate guaranteed lease from an investment grade tenant (S&P rated BBB), located directly on Dixie Highway, the primary retail corridor through Waterford with high combined daily traffic counts of 44,000 VPD.
Highlights
- 25 year corporate absolute NNN lease with approximately 8 years remaining with no rent holiday
- Combined daily traffic counts at the intersection exceed 44,000 VPD
- CVS is an investment grade credit tenant (S&P Rating: BBB) and the nation’s largest drugstore with more than 9,900 locations in 49 states
- Lease features attractive 10% rental escalations every 5 years throughout the option periods
- Located at the intersection of Dixie Highway, a major thoroughfare through Waterford, and Sashabaw Road
- Strong access to site with multiple points of ingress/egress and dedicated left hand turn lanes
- Strong population density with more than 139,000 residents radius, and average household incomes of $111,000 within a 5-mile radius of the subject property
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Contacts
Zeb Ripple
CP Partners
Location
Contact Listing Broker
Zeb Ripple
CP Partners
