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Drug Store

CVS 9 Unit Leasehold Portfolio

1571 Forest Ave, Staten Island, NY 10302

Listing Price: $3,542,000

Cap Rate
10.87%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
8.3
Gross SF
13,222
Guarantor
Corporate Guarantee
Rentable SF
13,222
Price/Gross SF
$267.89
Lease Type
Absolute Net
Rent Per Square Feet
$29.12

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an outstanding
Leasehold portfolio of 9 absolute NNN CVS properties spanning six key
states: Nevada, New York, New Hampshire, Connecticut, North Carolina,
and Florida. This diversified portfolio spans approximately 122,245 square
feet of gross leasable area, providing investors with diversification and
robust risk mitigation throughout dynamic markets.
Strategically situated in markets with an impressive average household
income of $102,162 within a one-mile radius, these properties benefit
from strong local demographics. With over 8 years of weighted average
lease term (WALT) remaining, the portfolio promises long-term, predictable
cash flow under absolute NNN leases with no landlord responsibilities.
Each location is drive-thru equipped, providing superior convenience and
contributing to higher average sales performance. Notably, two properties
also feature Minute Clinics, further enhancing the revenue profile.
CVS Health Corporation, the tenant, is a leading American healthcare
company headquartered in Woonsocket, Rhode Island. The company
operates CVS Pharmacy, CVS Caremark, and Aetna, employing over
300,000 people and generating $357 billion in annual revenue.
This portfolio is ideally suited for passive investors seeking a stable,
income-producing investment with significant diversification and minimal
management oversight.

Investment Highlights

  • CVS Corporate Guarantee Leases | CVS Health Corporation (NYSE: CVS)
  • Investment Grade Credit Tenant, Rated BBB+ by S&P™
  • Absolute NNN Leases | Zero Landlord Responsibility
  • Over 8 Years Weighted Average Lease Term (WALT) Remaining
  • Affluent Demographics | $102K Average Household Income in a 1-Mile Radii
  • Portfolio Includes 9 Locations in NV, NY, NH, CT, NC, and FL
  • All Locations are Drive-Thru Equipped

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Drug Store

CVS 9 Unit Leasehold Portfolio

Listing Price: $3,542,000

Cap Rate
10.87%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
8.3
Gross SF
13,222
Guarantor
Corporate Guarantee
Rentable SF
13,222
Price/Gross SF
$267.89
Lease Type
Absolute Net
Rent Per Square Feet
$29.12

Investment Highlights

  • CVS Corporate Guarantee Leases | CVS Health Corporation (NYSE: CVS)
  • Investment Grade Credit Tenant, Rated BBB+ by S&P™
  • Absolute NNN Leases | Zero Landlord Responsibility
  • Over 8 Years Weighted Average Lease Term (WALT) Remaining
  • Affluent Demographics | $102K Average Household Income in a 1-Mile Radii
  • Portfolio Includes 9 Locations in NV, NY, NH, CT, NC, and FL
  • All Locations are Drive-Thru Equipped

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an outstanding Leasehold portfolio of 9 absolute NNN CVS properties spanning six key states: Nevada, New York, New Hampshire, Connecticut, North Carolina, and Florida. This diversified portfolio spans approximately 122,245 square feet of gross leasable area, providing investors with diversification and robust risk mitigation throughout dynamic markets. Strategically situated in markets with an impressive average household income of $102,162 within a one-mile radius, these properties benefit from strong local demographics. With over 8 years of weighted average lease term (WALT) remaining, the portfolio promises long-term, predictable cash flow under absolute NNN leases with no landlord responsibilities. Each location is drive-thru equipped, providing superior convenience and contributing to higher average sales performance. Notably, two properties also feature Minute Clinics, further enhancing the revenue profile. CVS Health Corporation, the tenant, is a leading American healthcare company headquartered in Woonsocket, Rhode Island. The company operates CVS Pharmacy, CVS Caremark, and Aetna, employing over 300,000 people and generating $357 billion in annual revenue. This portfolio is ideally suited for passive investors seeking a stable, income-producing investment with significant diversification and minimal management oversight.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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