CVS Pharmacy | Hoover, AL
ABSOLUTE NET | 9.00% YIELD DAY 1
Marketing description
2/2032 - 1/2035 - 3 Year Rent Holiday (Price is inclusive of Rent Credit for Rent Holiday)
Investment highlights
LONG TERM LEASE (8.8 YEARS) - Primary Term expires 1/31/2035. CVS has operated from this location since 2009.
ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
EXCELLENT LOCATION - ADJACENT TO POWER CENTER - The property is located at the corner of a signalize intersection adjacent to numerous national credit tenants including Hobby Lobby, AT&T, PetSmart, Taco Bell, Best Buy, McDonalds, Whataburger, Boot Barn, Home Depot, Pep boys, H&M and more.
HIGH TRAFFIC COUNTS - 17,500 Vehicles Per Day.
STRONG DEMOGRAPHICS - Average Household Income is $115,014 in a 3-mile radius and the population is 120,720 in a 5-mile radius.
BIRMINGHAM M.S.A. - The largest population region in the State of Alabama.
DRIVE THRU PHARMACY
CORPORATE GUARANTEE - The lease is corporate guaranteed by CVS Health Corporation
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