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Drug Store

CVS Pharmacy | Long Operating History | Six Way Signalized Intersection (12,000 VPD)

780 Brittain Rd, Akron, OH 44305

Listing Price: $1,912,244

Cap Rate
6.25%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Double Net
Rent Per Square Feet
$11.80

Investment Overview

Marcus & Millichap is pleased to bring to market the CVS Pharmacy located in Akron, Ohio. CVS Pharmacy, Inc. is an American retail corporation and a subsidiary of CVS Health. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods. It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers. Most of these clinics are located within or outside CVS stores.

Investment Highlights

  • Three Years Remaining on a Double-Net Lease | Below Market Rent | 10 Minutes from Downtown Akron
  • Proven Location: In Operation Since 1999
  • Located on a Six-Way, Signalized Intersection Seeing Over 12,000 Vehicles per Day
  • Three Miles from Goodyear Tire World Headquarters Complex (Over 3,000 Employees)
  • Strong Demographics: Population of Over 200,000 in a Five-Mile Radius
  • Standard & Poor's Investment Grade Tenant: BBB+ Rated

Exclusively Listed By

Financing By

Drug Store

CVS Pharmacy | Long Operating History | Six Way Signalized Intersection (12,000 VPD)

Listing Price: $1,912,244

Cap Rate
6.25%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Double Net
Rent Per Square Feet
$11.80

Investment Highlights

  • Three Years Remaining on a Double-Net Lease | Below Market Rent | 10 Minutes from Downtown Akron
  • Proven Location: In Operation Since 1999
  • Located on a Six-Way, Signalized Intersection Seeing Over 12,000 Vehicles per Day
  • Three Miles from Goodyear Tire World Headquarters Complex (Over 3,000 Employees)
  • Strong Demographics: Population of Over 200,000 in a Five-Mile Radius
  • Standard & Poor's Investment Grade Tenant: BBB+ Rated

Investment Overview

Marcus & Millichap is pleased to bring to market the CVS Pharmacy located in Akron, Ohio. CVS Pharmacy, Inc. is an American retail corporation and a subsidiary of CVS Health. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods. It also provides healthcare services through its more than 1,100 MinuteClinic medical clinics as well as their Diabetes Care Centers. Most of these clinics are located within or outside CVS stores.

Exclusively Listed By

Financing By

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