Listed by Atlantic Capital Partners
$2,421,000
CVS Pharmacy | Greenville, SC MSA
Details
APN 4181-16-93-0757
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Net Rentable (SqFt) 10,125
Units 1
Cap Rate 6%
NOI $145,288
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 01/31/2028
Remaining Term 1.6
Rent Bumps Yes
Lease Options 9 x 5-year options
Year Built 1999
Stories 1
Acreage 1.450
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2023
Ground Lease No
6% CAP | CORP ABS NNN LEASE
Investment highlights
LONG-TENURED TENANT | 25+ YEARS OF CONTINUOUS OCCUPANCY
- CVS has operated at this location since 1999, demonstrating sustained store-level performance and long-term commitment to the trade area
INVESTMENT-GRADE CORPORATE GUARANTOR (S&P: BBB)
- Lease guaranteed by CVS Health Corporation (NYSE: CVS), one of the largest healthcare companies in the U.S. with 9,000+ locations and strong corporate credit
ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
- True passive investment with no landlord obligations, ideal for 1031 exchange and out-of-state ownership
LOW PRICE POINT & ATTRACTIVE BASIS
- Offered at a favorable price point relative to replacement cost, allowing investors to achieve above-market yield with downside protection
NECESSITY-BASED HEALTHCARE TENANT
- CVS serves as a critical healthcare and pharmacy provider within the market, supporting consistent consumer demand regardless of economic conditions
STRATEGIC HARD-CORNER LOCATION | PRIMARY RETAIL CORRIDOR
- Positioned along Hampton Avenue (17,800+ VPD) with strong visibility and access, serving as a primary retail node for the surrounding community
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,288.00
$12,107.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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