Drug Store
CVS Pharmacy | Charlottesville Region | Strong Whisper Store Sales
28 Abby Rd, Palmyra, VA 22963
Listing Price: $4,826,642
Investment Overview
CVS/Pharmacy has nine years remaining on its lease with 12 percent rental increases in each of the four, five-year renewal options. CVS has operated here successfully since 2008. While the tenant does not report sales, geofencing data from Placer.ai indicates that CVS performs very well here, and discussions with the tenant indicate the store is highly profitable.
It is the 3rd best store of 24 stores within a 30-mile radius with 274.8 thousand annual customer visits.
CVS Health Corp (NYSE:CVS) has a Standard & Poor’s credit rating of “BBB”, and is the only investment
grade, national pharmacy chain.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Drug Store
CVS Pharmacy | Charlottesville Region | Strong Whisper Store Sales
Listing Price: $4,826,642
Investment Highlights
- Investment Grade Tenant with Increases in Options
- Only National Brand Drug Store within 15-Mile Drive Time
- 1.32-Acre Signalized Intersection with 36,645 VPD
Investment Overview
CVS/Pharmacy has nine years remaining on its lease with 12 percent rental increases in each of the four, five-year renewal options. CVS has operated here successfully since 2008. While the tenant does not report sales, geofencing data from Placer.ai indicates that CVS performs very well here, and discussions with the tenant indicate the store is highly profitable. It is the 3rd best store of 24 stores within a 30-mile radius with 274.8 thousand annual customer visits. CVS Health Corp (NYSE:CVS) has a Standard & Poor’s credit rating of “BBB”, and is the only investment grade, national pharmacy chain.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
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