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Drug Store

CVS Pharmacy

1302 SC-72, Greenwood, SC 29649

Listing Price: $3,900,000

Cap Rate
5.00%
Tenant Name
CVS Health Corporation
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
10,184
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.15

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. Starting on February 1, 2023, the rent will be$195,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

Investment Highlights

  • 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
  • Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years and Just Extended the Lease by 10 Years | Strong Commitment to this Site

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Drug Store

CVS Pharmacy

Listing Price: $3,900,000

Cap Rate
5.00%
Tenant Name
CVS Health Corporation
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
10,184
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.15

Investment Highlights

  • 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
  • Long Term Occupancy | The Tenant Has Been at This Location For Over 20+ Years and Just Extended the Lease by 10 Years | Strong Commitment to this Site

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. Starting on February 1, 2023, the rent will be$195,000 per year. From there, the rent is scheduled to increase by 5.00% at the start of the first and second option periods. The lease calls for a total of ten (10), five (5)-year tenant renewal options.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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