Income guaranteed by Walgreens parent corporate (S&P BBB) investment grade Fortune 500 Company with approximately 9,200 locations. Avg. HH income is a $82,825 (1-mi), $91,049 (3-mi), $83,274 (5-mi), 426,271 pop. in 5-mile radius, traffic count of ± 27,124 VPD.
CVS Pharmacy is an American retail corporation. Owned by CVS Health, it is headquartered in Woonsocket, Rhode Island. CVS Pharmacy dispenses millions of prescriptions per year and provides important health care services.
14,560-Square-Foot Walgreens with 9 Years Remaining in Garfield Heights, Ohio (Cleveland MSA). Absolute NNN Lease – Zero Landlord Responsibilities. Ten, 5-Year Options Remaining on Lease.
Absolute NNN | Zero Landlord Responsibility. Hard Signalized Corner with Great Visibility | Visible to More than 59,000 Vehicles/Day. Minutes from Several Regional Medical Centers and Hospitals. Strong Demographics. | 277,000+ Full Time Residents in Trade Area. Large 1.86 Acre Parcel. Drive Thru Pharmacy. Florida is a No Income Tax Free State.
CVS has committed to a 20-year lease extension at the location. Nearly 960,000 residents within 5-mile radius. Interstate 105 sits just 1.4 miles south (133,000 VPD) while Interstate 710 (230,000 VPD) is 2 miles east of the asset.
Corporate Backed Long Term Lease – CVS signed a new 20-year lease underscoring their long term commitment to the site. Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses.
Lease with No Landlord Responsibilities. Attractive Rent Increase – Increasing 10% Every 5 Years with Recent Increase This Year. On Strong Signalized Intersection With Close Proximity to the Connecticut River.
Investment Grade Tenant; Rated “BBB” by Standard & Poor’s. NOI – $396,600. This property is situated on a wrap corner parcel on the southeast corner of Goff Mountain Road (Route 622) (28,000 VPD) and Cross Lanes Drive/Washington Street (Route 62) (6,000 VPD).
Strong store sales with low rent to sales ratio of 2.7%. 5+ Years Remaining. Well located on a major road. Long term tenant has been in the building since 1996. Low price point, well below replacement cost.
No Landlord Responsibilities. Located near the signalized, hard corner intersection of W 14th Mile Road with 24,027 VPD and Crooks Road with 22,300 VPD, for a combined 46,300+ vehicles passing by daily.
Long Term Absolute Net Lease – Zero Landlord Responsibilities. Located in Dense Retail Area. Affluent Area: Avg. HH Incomes Over $145,000. Preferred 5-Year Option Structure. Full Walgreens Corporate Guarantee.
The nearest CVS pharmacy is more than 3.5 miles southeast of the property, while there is a Walgreens 2.9 miles east. Lease with five percent increases in the eight, five-year option periods. The Property has three points of access and features a double drive-thru.
Close Proximity to Numerous Traffic and Economic Drivers Such as Retail, Industrial, Distribution, and Warehouse Facilities. Situated Densely Populated Area with Over 79,000 Residents in a 3-Mile Radius along with Above Average Household Incomes.
No landlord responsibilities. This young community has the avg. age of 38 and above average HH incomes of $69,087 in a 3-mi radius. Lincoln Highway is the major thoroughfare for the community and roughly 30,000 cars per day pass the site.
Average Household Income of Over $72,000 Within One Mile. Frontage on W Railroad Street – 11,800 Vehicles Per Day. Low Rent and High Residual Value (1.63 Acre Parcel). No Competition – Only Drug Store Servicing Long Beach.
Strong store sales with low rent to sales ratio of 3.9%. 12 Years Remaining. Well located on a major road. Long term tenant has been in the building since 1996. Low price point, well below replacement cost.
Strong store sales with low rent to sales ratio of 3.3%. 12 Years Remaining. Well located on a major road. Long term tenant has been in building since 1996. Low price point, well below replacement cost. Essential Business.
Signalized hard corner location. Across the street (0.1 miles) from Atrium Health Cleveland, a 241-bed hospital serving greater Cleveland County, NC, and the surrounding region. Absolute net lease with zero landlord responsibilities.
More than 19,000 people live within a 10-mile radius of the Property with an average household income of more than $91,000. An average traffic count of 12,100 vehicles per day pass near the property at the intersection of Upper Main Street and Portland Street (Historic VT-100).
True NNN lease with no landlord obligations. Strategically located near the areas’ largest medical center in the region (Mercy Health). Impressive visibility, with over 23,692 VPD pass in front of or near the site daily.
Walgreens property with a double-net Lease that has 6 years and 9 months remaining and includes six 5-year renewal options. Located near Interestate-94, traffic counts average over 135,000 daily and 23,000 vehicles daily on Brooklyn Boulevard.
Situated on a Large ±1.63-Acre Lot – Well Positioned at Signalized Intersection (Hard Corner) where Traffic Counts Exceed 38,000 CPD. Affluent 2020 Demographics: Total Population (5-MI): 232,790 | Average Household Income (3-MI): $169,136.
Minimal Landlord Responsibilities. Signalized, Hard Corner Intersection | Excellent Visibility & Access. Across from Twin County Regional Health Care Facilities | Nearby National/Credit Tenants. Limited Competition in Surrounding Area.
Walgreens is on a Four Way Signalized Intersection with excellent demographics and over 393,000 people within five miles. It is located in a national retail location for 40 years (previously a McDonald’s, Boston Market,Gino’s). Extremely below market ground rent at $5.95 PSF. Structured rental increases throughout the term. Renewal options: Ten, Five-Year Tenant options.
Walgreen Co. (S&P: BBB), a subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA). The nearest CVS or Rite Aid (new Walgreens) are 1.5 miles and 1.8 miles away, respectively. Recently replaced the roof, restriped the parking lot, repainted columns and power-washed the property. Located on a hard corner at the signalized intersection of Milton Road and North Sharon Amity Road.
Strong Store Sales Reported. Store sales likely to increase with closure of nearby Rite aid location. Upscale, growing suburban market of Richmondl; Capital City of Virginia. Attractive Red Brick Prototype.
Affluent Area – Features an Average Household Income in Excess of $95,100+ Within a 5-Mile Radius. Strong Visibility Hard Corner Rd to Combined Daily Traffic Counts in Excess of 21,000+ Vehicles. Nearest Walgreens is Over 1 Hr away (10+ Miles) w/ Ferry.
NYSE: CVS; S&P: BBB+; Moody’s Baa1. Located on a hard corner at the signalized intersection of Snow Road and Michael Drive. Directly across from Arby’s and Certified Demographics. Built-in Customer Base. Dynamic Demographics.
Strong Store Sales Performance- Low Rent to Sales Ratio. Zero Landlord Responsibilities. Site Renovated to Wellness Concept in 2014. True Rite Aid Corporate Guarantee. Nearest Rite Aid or Walgreens from Subject Site: 3 Miles. Attractive 10% Rental Escalations in Option Periods. Prototype Freestanding Building with Drive-Thru.
Minutes from Michigan State University | Over 50,000 Students. Excellent Demographics | Over 138,000 People In 5 Miles. High Traffic Counts | Over 34,000 Vehicles Per Day. Minutes From 830,052 SF Regional Lansing Mall. Ideal Bite-Sized Offering | Minutes from Downtown Lansing.
Located on the Corner of the Signalized Intersection of Westover Hills Boulevard. Major Retailers in the Immediate Area. In Close Proximity to the Richmond Coliseum, the Second Largest Sports Arena in Virginia that Also Hosts Various Large Concerts.
10,128-Square Foot Property with a Drive-Thru on a 1.23-Acre Lot with
39 Parking Spaces. Outparcel Within the Village Marketplace Shopping Center that is Tenanted with a Mix of Local and National Retailers. Located Along Midlothian Turnpike. CVS Has Occupied this Location Since 1999.
Located at the Signalized, Three-Way Intersection of US Highway 290 and Texas State Road 95 that in 2016 had a Traffic count of 28,800 Vehicles Per Day. Corporately Guaranteed by CVS Health Corporation, a Publicly Traded Company with a Credit Rating of BBB+ (S&P). Surrounded by Major National and Regional Tenants.
Located at the Signalized Intersection of McRae Boulevard and Wedgewood Drive and Just Off Highway 10 with a Daily Traffic Count of 194,700. Corporately Guaranteed by CVS Health Corporation, a Publicly Traded Company with a Credit Rating of BBB+ (S&P). No Personal Income Tax in Texas. Surrounded by Major National Retailers.
Affluent Suburb, Just Outside of Dayton. Large Oversized Lot at Signalized Hard Corner. Limited Competition in Immediate Area with Nearest Walgreens over 1.5 Miles Away.
Rare, New England Walgreens Opportunity. Zero Management Responsibilities. Strong Hard Corner Location. Five Mile Demographics- 76,278 Residents; $80,546 Average Household Income. Taunton is Approximately 25 Miles to Providence, RI & 40 Miles to Boston, MA.
Investment Grade Tenant “BBB” S&P Corporate Rating. 1.5 miles North of Interstate 84. 4 miles south of Ogden High School. 3 Miles South of Weber State University. Across Interstate 84 from Hill Air Force Base. 15 miles West of Snowbasin Ski Resort 3,000+ acres of ski-able area & 12 ski lifts.
New 2013 Construction- Relocation Store for high volume store. Upgrade building construction. CVS Caremark Corp. Guarantee | Investment Grade Tenant. 10% Increase in first option. Approximately 10 Miles from downtown Hartford. Average household income is over $102,000 within a one mile radius.
Fred’s Inc. Corporate Guarantee | NASDAQ: FRED. Rare increase during base term & options periods. 23+ years of operating history at this location. Top-Performer | High Volume Pharmacy location with drive-Thru. Low Rent & Price per square foot. “Main & Main” location with great visibility.
Fred’s Inc. Corporate guarantee | NASDAQ: FRED. 60 Years of Operating History at this location. Top Performer | High Volume Pharmacy with license to sell beer. Drive-Thru Location. Low Rent & Price per square foot. “Ole Miss” Univ of Mississippi is approximately 18 miles north.
Investment grade rated tenant (S&P: BBB+). Zero Landlord Responsibilities. Ten 5-year renewal option periods. Drive-Thru Pharmacy. Positioned at the corner of a heavily trafficked signalized intersection along two primary thoroughfares.
Has a drive-thru which is open until 9PM. There is a CVS on the adjacent corner making this a strategic location for both Walgreens and CVS. Located at the signalized hard corner of University Avenue and Lincoln Avenue with combined traffic counts of 27,142 vehicles per day. Guaranteed by Walgreens and Starbucks. Both Walgreens (S&P BBB) and Starbucks (S&P A) parent companies are an investment grade.
No Landlord Responsibilities. Investment grade credit (S&P: BBB). Signalized intersection adjacent to Walmart and Winn-Dixie. New Prototype model with Drive-Thru. Closest drug store to the hospital 1 mile away.
Very Attractive 10% Rent Increases every 10 Years. Signalized Hard Corner Location- on a High Traffic Intersection of Jefferson Ave. & Clarkson St. Less than one Block from the Swedish Medical Center and Craig Hospital. Adjacent to A 7-Story, 130-Unit Senior Living Facility. Across the Street from Cherry Hills Village.
Zero Landlord Responsibilities. Prototypical Freestanding Building with Drive-Thru. Located on the Hard Corner Signalized Intersection. Traffic Counts Boast 29,800 + Vehicles Per Day. Average Household Income Within 5 Miles is $91,074. Population within a 5 Mile Radius of Subject Property Exceeds 130,115.
Exceptionally strong store sales with YOY increases for the past 5 years. Zero Landlord Responsibilities. Corporate guarantee from Walgreens Boots Alliance (NASDAQ: WBA). Adjacent to the famous Outlets at Silverthorne. Extremely high barriers to new competition. No nearby competition, closest Walgreens is 40 miles away.
Corporate guaranteed by CVS Health Corp. (S&P: BBB+). 24-hour store location with a drive-thru. Situated at the heavily trafficked, signalized, hard corner intersection of W. Mercury Boulevard and N. Armistead Avenue. Excellent visibility and access with multiple points of ingress/egress on both adjacent streets. Located within the city’s largest commercial corridor: Coliseum Central.
Extremely Below Market Ground Rent at only $5.95 PSF. Location is a National Retail Location for 40 Years. Excellent Demographics | Over 393,000 People within Five Miles. Combined Traffic Counts Over 64,000. Four Way Signalized Intersection. Structured Rental Increases Throughout the term.
Price:
$2,133,333
Status:
Available
CAP:
3.75%
Years Left:
10
Lease Type:
Net lease pharmacies has always been solid investments for investors because of the typical long term. The most popular are Walgreens, CVS and Rite Aid. There has been particularly large interest in these types of assets as COVID-19 have been center stage since January of 2020.
These moves come as the healthcare debates heat up on capital hill and companies like Amazon look to make moves into the health space and targeting soaring healthcare spending through lower cost medical services and prescriptions in pharmacies. All of drug stores still have many benefits like being on hard corner intersections at premier locations along by being corporate backed and thousands of locations all over the country.
