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Drug Store

CVS Pharmacy

1302 SC-72, Greenwood, SC 29649

Listing Price: $3,636,364

Cap Rate
5.50%
Tenant Name
CVS
Years Remaining On Lease
10.1
Gross SF
10,184
Guarantor
Corporate Guarantee
Rentable SF
10,184
Price/Gross SF
$357.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.64

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1302 Highway 72-221 East in Greenwood, SC.
This CVS is subject to a long-term, absolute triple-net (NNN) lease that was recently extended by 10 years. At closing, the rent will be $200,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first option period and 3.50% at the start of the second option period. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years
  • Ten (10), Five (5)-Year Tenant Renewal Options
  • Long-Term, Absolute Triple-Net (NNN) Lease with 10+ Years Remaining on the Lease
  • CVS Corporate Guaranty | Investment Grade Credit | BBB S&P Credit Rating

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s) SC: 39872

    South Carolina

Listing Price: $3,636,364

Cap Rate
5.50%
Tenant Name
CVS
Years Remaining On Lease
10.1
Gross SF
10,184
Guarantor
Corporate Guarantee
Rentable SF
10,184
Price/Gross SF
$357.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.64

Investment Highlights

  • Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years
  • Ten (10), Five (5)-Year Tenant Renewal Options
  • Long-Term, Absolute Triple-Net (NNN) Lease with 10+ Years Remaining on the Lease
  • CVS Corporate Guaranty | Investment Grade Credit | BBB S&P Credit Rating

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 1302 Highway 72-221 East in Greenwood, SC.
This CVS is subject to a long-term, absolute triple-net (NNN) lease that was recently extended by 10 years. At closing, the rent will be $200,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first option period and 3.50% at the start of the second option period. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s): SC: 39872

    South Carolina

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