CVS Pharmacy – Arab, AL

  • CVS_Abeliene_TX-sRGB-4

Available $3,725,814 - Retail - Single Tenant
Cap Rate:  6.77%Size:  11,546 SFTerm:  13 Years Remaining Print

 Investment Offering & Highlights

  • ABSOLUTE NET LEASE STRUCTURE
    Zero landlord responsibilities for operating or capital expenses
  • CORPORATE BACKED LONG TERM LEASE
    CVS signed a 25 year lease in 2006 leaving approximately 13 years remaining on the initial lease term
  • BBB CREDIT RATING BY STANDARD & POOR’S
    Tenant is publicly traded on the NYSE and reported annual revenues in excess of $184 billion in 2017
  • LOCATED ALONG AREA’S MAIN RETAIL CORRIDOR
    Immediately south of Walmart with neighboring retailers including Traffic Supply, Dollar Tree, McDonald’s, AutoZone and more
  • EXCELLENT EXPOSURE ON MAIN TRAFFIC ARTERY
    Daily traffic counts along Brindlee Mountain Parkway exceed 14,300 vehicles
  • HARD CORNER LOCATION with DRIVE THRU
    Ideally positioned at the intersection of Brindlee Mountain Parkway and 12th Avenue Northwest

Property Description

THE SUBJECT PROPERTY IS A 11,945 SQUARE FOOT CVS LOCATED IN ARAB, ALABAMA.  CVS SIGNED A 25 YEAR LEASE WHICH COMMENCED IN 2006, LEAVING APPROXIMATELY 13 YEARS REMAINING ON THE TENANT’S INITIAL LEASE TERM.

The lease is absolute net providing for zero landlord responsibilities.  CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB+ credit rating by Standard & Poor’s and reported annual revenues in excess of $184 billion in 2017.

Located at the intersection of Brindlee Mountain Parkway and 12th Avenue Northwest, the subject property is ideally positioned along the area’s main traffic and retail corridor.  The site is located just south of Walmart with other surrounding retailers including Tractor Supply, Dollar Tree, McDonald’s, AutoZone, Advance Auto Parts and many more.  Daily traffic counts along Brindlee Mountain Parkway exceed 14,300 vehicles.

Additional Details

  • Price: $3,725,814
  • Cap Rate: 6.77%
  • Lease Term: 13 Years Remaining
  • Year Built: 2006
  • Building Size: 11,546
  • Lot Size: 1.96 Acres
  • Status: Available
Property Location