CVS – TUCSON, AZ
Retail | 7.25% CAP | 14,375 SqFt
Marketing description
CVS is Pad site to Walmart Supercenter; major retailers within 5 miles include Target, Kohl’s, Home Depot, Ross, Big Lots, Ace Hardware, Ulta Beauty, Big 5 Sporting Goods, Safeway, Fry’s Food & Drug, Sprouts Farmers Market, Dollar Tree, PetSmart, Petco, OfficeMax, Ashley Store, Goodwill, Burger King, Taco Bell, Pizza Hut, Village Inn, Chipotle, Jack in the Box, Five Guys, Starbucks, Dutch Bros, Subway, McDonalds, Domino’s, Carl’s Jr., Buffalo Wild Wings, IHOP, In-N-Out, and Baskin Robbins. It is 14 miles from the University of Arizona - a public land-grant research university, serving 53,187 students in 19 separate colleges/ schools; 1/2 mile from Northwest Medical Center Houghton - a 52-bed capacity hospital with services such as a 24/7 emergency care, intensive care units, robotic-assisted surgeries, orthopedic surgery, urology, etc.
Less than 7 miles from St. Joseph’s Hospital - a Level I Trauma Center, home to the Carondelet Neurological Institute & Carondelet Joint Replacement Center with 486 beds.
Investment highlights
- Top 88% of CVS Units in Arizona and within the top 83% of CVS units in the country.
- Absolute NNN Lease with 5 Years Remaining
- Traffic Counts: E Golf Links Rd - 27,799 CPD | S Houghton Rd - 21,043 CPD
- Lot Size | ±1.85 acres (±80,586 SF)
- CVS has two renewal options for five years each at a monthly rate of $32,313.98, totaling $387,767.76 annually, effective until January 31, 2041. February 1, 2041, CVS has eight 5-year renewal options available at Market Rent until 2081.
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