Overview

Description

• CVS has operated at this location for 24+ years
• Successful long-term history at this location; CVS exercised their 5-year option with 7 (5-year) options remaining, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by CVS Corporation, an investment grade (S&P:BBB), well-established tenant
• CVS is America’s leading retail pharmacy with nearly 216,000 employees and 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor

• The asset is strategically located at the signalized, hard corner intersection of
N. 21st St. & Meadowbrook Dr. averaging 32,800 vehicles per day
• The immediate trade area is supported by surrounding national/credit retailers such as Walmart Supercenter, Kroger, The Home Depot, and more
• Located one mile from State Highway 16 (47,200 VPD) and State Highway 79 (31,000 VPD), providing direct on/off ramp access for travelers
• The asset has excellent visibility and multiple points of ingress/egress
• More than 73,000 residents and 34,000 employees support the trade area
• $82,952 average household income
• Just under 40 minutes from Columbus, OH
• According to Placer.io, this location ranks in the top 40% of all CVS stores nationwide and in the top 19% of all Ohio locations

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