Listed by Pharma Property Group
$2,620,000
CVS MinuteClinic Location | 18+ Year Operating History
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,125
Cap Rate 7.65%
NOI $200,296
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN
Lease Expiration 01/31/2028
Remaining Term 1.5
Price per SqFt $259
Broker Co-Op Yes
Year Built 1997
Acreage 1.400
Investment Type Net Lease
Retail | 7.65% CAP | 10,125 SqFt
Marketing description
Listed in conjunction with Brian Brockman, Bang Realty - South Carolina Inc, 513-898-1551, [email protected], SC DRE Lic. 108250.
Investment highlights
- This CVS includes a MinuteClinic, one of approximately 800+ locations within CVS’s 9,000+ store network.
- CVS has operated at this location since 1997 and has demonstrated a consistent history of lease renewals, having exercised all three renewal options, underscoring its long-term commitment to the site.
- Mauldin has experienced approximately 1.9% annual population growth and is projected to grow at ~1.6% annually within the 1-, 3-, and 5-mile trade areas.
- The subject property is located approximately 10 miles from downtown Greenville, with direct access via Interstate 385, a primary corridor serving the Upstate region.
- The property is situated within a dense residential trade area, with over 52,000 residents and average household incomes of $111,919 within a 3-mile radius. The store serves approximately 3,500 households within a 1-mile radius.
Listing Contacts
Listed by Pharma Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,296.00
$16,691.33/mo
Valuation Metrics
0
DSCR
7.64%
Cap Rate
7.64%
ROI
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