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Drug Store

CVS

4744 South Highway 95, Fort Mohave, AZ 86426

Listing Price: $6,596,021

Cap Rate
4.75%
Tenant Name
CVS
Guarantor
Corporate Guarantee
Rentable SF
13,182
Lease Type
Absolute Net
Rent Per Square Feet
$23.77

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale CVS pharmacy a single-tenant property located at 4744 South Highway 95, Fort Mohave, Arizona 86426. The subject property is comprised of 13,182 square feet, built-in 2009. The building sits on a large 2.15-acre lot located with frontage on South Highway 95 with over 30,455 vehicles per day. CVS operates on a corporate absolute-net lease with a new 15-year lease beginning at the close of escrow. At the end of the initial term, CVS will have ten, five-year options to extend with 5% increases each option. CVS, an essential retailer, is pandemic, recession resistant, and remained open during the global pandemic caused by Covid-19. CVS Pharmacy is a subsidiary of the American retail and Health care company CVS Health, headquartered in Woonsocket, Rhode Island. It was also known as, and originally named the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation since its inception until its current parent company CVS Health was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,900 as of 2019) and total prescription revenue. As the retail pharmacy division of CVS Health, it ranks as the 4th largest U.S. corporation according to Fortune 500 in 2021 with revenues of more than $285 billion. CVS/pharmacy’s leading competitor Walgreens Boots Alliance is ranked 16th.

Investment Highlights

  • New 15 Year Lease: Absolute-Net Lease back by A Corporate Guaranty, and 13 Years of Operation at this Location.
  • Corporate Guaranty (NYSE: CVS): CVS, Headquartered in Woonsocket, RI, has 9,900 Stores and Over 295,000 Employees Nationwide.
  • Near Valley View Medical Center: Fort Mohave's Largest Employer only 1 Mile from CVS down Highway 95.
  • Excellent Visibility & Ease of Access: CVS is Well Situated on South Highway 95 with Over 30,455 Vehicles Per Day.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $6,596,021

Cap Rate
4.75%
Tenant Name
CVS
Guarantor
Corporate Guarantee
Rentable SF
13,182
Lease Type
Absolute Net
Rent Per Square Feet
$23.77

Investment Highlights

  • New 15 Year Lease: Absolute-Net Lease back by A Corporate Guaranty, and 13 Years of Operation at this Location.
  • Corporate Guaranty (NYSE: CVS): CVS, Headquartered in Woonsocket, RI, has 9,900 Stores and Over 295,000 Employees Nationwide.
  • Near Valley View Medical Center: Fort Mohave's Largest Employer only 1 Mile from CVS down Highway 95.
  • Excellent Visibility & Ease of Access: CVS is Well Situated on South Highway 95 with Over 30,455 Vehicles Per Day.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale CVS pharmacy a single-tenant property located at 4744 South Highway 95, Fort Mohave, Arizona 86426. The subject property is comprised of 13,182 square feet, built-in 2009. The building sits on a large 2.15-acre lot located with frontage on South Highway 95 with over 30,455 vehicles per day. CVS operates on a corporate absolute-net lease with a new 15-year lease beginning at the close of escrow. At the end of the initial term, CVS will have ten, five-year options to extend with 5% increases each option. CVS, an essential retailer, is pandemic, recession resistant, and remained open during the global pandemic caused by Covid-19. CVS Pharmacy is a subsidiary of the American retail and Health care company CVS Health, headquartered in Woonsocket, Rhode Island. It was also known as, and originally named the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation since its inception until its current parent company CVS Health was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,900 as of 2019) and total prescription revenue. As the retail pharmacy division of CVS Health, it ranks as the 4th largest U.S. corporation according to Fortune 500 in 2021 with revenues of more than $285 billion. CVS/pharmacy’s leading competitor Walgreens Boots Alliance is ranked 16th.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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