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Drug Store

CVS Pharmacy

330 Main St, Farmington, CT 06032

Listing Price: $10,591,578

Cap Rate
4.75%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Double Net
Rent Per Square Feet
$39.00

Investment Overview

Chain Overview | CVS has 9,900+ retail locations in 49 States, the District of Columbia, and Puerto Rico • Firm Growth and Business Verticals | 1,100+ MinuteClinic locations in 33 States and the District of Columbia | 4.5 million Customers served by CVS Daily with 2.5 billion Prescriptions managed or filled • Company Growth | CVS recently announced launching of new virtual primary care solution platform to connect CVS Health Services, clinical expertise, and data for a more coordinated health care experience • Company Status | CVS Ranks as the 4th largest U.S. Corporation according to Fortune 500 in 2022 with Revenues of more than $290 million

Investment Highlights

  • Strong Corporate Guarantee | 15+ Years of Lease Term Remaining on a large 2+ acre parcel at signalized intersection with Drive-Thru and 72+/- Parking Spaces
  • Double Net Lease | Minimal Landlord Responsibilities | Landlord Responsible for Roof & Structure
  • Rare and Attractive Rental Increases in Each Renewal Option Period | Four, (5) Year Options | 5-10% Increases
  • Highly Visited CVS Location | (149.2K Annual Visits) | Low Drug Store Competition in Area

Exclusively Listed By

Drug Store

CVS Pharmacy

Listing Price: $10,591,578

Cap Rate
4.75%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
12,900
Lease Type
Double Net
Rent Per Square Feet
$39.00

Investment Highlights

  • Strong Corporate Guarantee | 15+ Years of Lease Term Remaining on a large 2+ acre parcel at signalized intersection with Drive-Thru and 72+/- Parking Spaces
  • Double Net Lease | Minimal Landlord Responsibilities | Landlord Responsible for Roof & Structure
  • Rare and Attractive Rental Increases in Each Renewal Option Period | Four, (5) Year Options | 5-10% Increases
  • Highly Visited CVS Location | (149.2K Annual Visits) | Low Drug Store Competition in Area

Investment Overview

Chain Overview | CVS has 9,900+ retail locations in 49 States, the District of Columbia, and Puerto Rico • Firm Growth and Business Verticals | 1,100+ MinuteClinic locations in 33 States and the District of Columbia | 4.5 million Customers served by CVS Daily with 2.5 billion Prescriptions managed or filled • Company Growth | CVS recently announced launching of new virtual primary care solution platform to connect CVS Health Services, clinical expertise, and data for a more coordinated health care experience • Company Status | CVS Ranks as the 4th largest U.S. Corporation according to Fortune 500 in 2022 with Revenues of more than $290 million

Exclusively Listed By

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