- CVS guarantees the rental income which has 10% increases in the options and does not include a rent holiday.
- Property is ±1.3 miles from Mountain Creek Resort with 3 main ski runs boasting over 700,000 annual visitors.
- Subject Property is the only national drugstore chain in Vernon. The next closest CVS is 7.7 miles to the northeast, the next nearest Walgreens is over 5.6 miles to the west and nearest Rite Aid is over 19 miles north.
- Over 16.5 years of lease term remaining on an absolute net lease with no landlord responsibilities.
- Nearby attractions include Crystal Springs Resort, Wawayanda State Park Wallkill River National Wildlife Refuge and 7 championship golf courses.
CVS for Sale properties
- Lease with CVS guarantees an income of $1,330,000 over the term.
- This offering is for the leasehold interest on the CVS guaranteed lease.
- In 2018, CVS exercised the remaining 4 options of the lease and has ±14 years remaining.
- Property features a MinuteClinic branded as a HealthHub, providing customers enhanced healthcare services and shopping experience.
- Near AGH Suburban Hospital, a 195-bed satellite facility located just 0.5 miles from subject Property.
- Subject Property is one of only two national chain freestanding drugstores within a 3-mile radius and the only CVS north of the Ohio River within the same distance.
- This location is open until 11 PM, which is later than any other national drugstore tenant in the neighboring 5-mile radius.
- Bellevue is an infill suburb of Pittsburg and boasts over 207,000 residents in a 5-mile radius.
- Near HCA Florida Trinity Hospital with 240 beds and 1,400 employees (2.5 Mi SE).
- Strategic location on signalized corner directly across the street from Walgreens with traffic counts of roughly 50,000 VPD.
- Near residential and senior housing with three assisted living facilities within two miles and located at the main entry of ±700 residences.
- This location is reporting ±$16 million is sales and has experienced year-over-year increased sales volumes which are now 30% higher versus 2020.
- CVS has been operating here for nearly 25 years and recently extended their lease early to 15 years with 5%rental increases in the options.
- In 2023, the Property had major capital improvements including a new roof, parking lot restripe/sealing and exterior building updates.
- This is the only standalone national brand drugstore within a 5-mile radius.
- Household income in a 3-mile radius of the subject property is $108,513.
- Property to be delivered free and clear of debt. There are no rent holidays.
- Vacation and resort destination location including Disney World, Universal Studios & Island of Adventure and SeaWorld.
- Retail corridor near industrial sector including 7.8 million square feet of retail space in a 3-mile radius.
- Within 5 miles of 14.4 million square feet of industrial space.
- Major regional employers Walt Disney World, Advent Health, Universal Orlando and Orlando Health.
- CVS recently extended the lease an additional 10 years showing commitment to this location.
- CVS closed a nearby store (3.9 Mi S) and transferred prescriptions to this location adding to customer base.
- Monroe Road is one of the major thoroughfares heading south from Charlotte towards Matthews and connects commuters heading into Downtown Charlotte.
- Infill Charlotte area demographics include almost 300,000 residents with an average household income of $100,609 within a 5-mile radius.
- Signalized corner with heavy combined traffic count on N Sharon Amity and Monroe Road of over 43,000 vehicles per day.
- Near major regional hospitals Novant Health Presbyterian Medical Center (622 beds), Atrium Health Carolinas Medical Center (874 beds) and Atrium Health Mercy (185 beds).
- CVS has agreed to new 15-year lease with 10 (5-year) options with 5% increases in the options.
- Near 44-bed Central Harnett Hospital and only national brand drugstore in Lillington.
- Centrally located between Fayetteville and Raleigh along Highway 210.
- Lillington is the county seat of Harnett County who employ almost 54,000 employees.
