CVS Zero Cash Flow

Highlights:

• 19+ years remaining on absolute net lease
• Zero cash flow lease structure (see Page 5)
• Corporate guaranty from CVS Health Corporation (see below)
• 2018 build-to-suit construction at signalized hard corner
• Heavily trafficked intersection – 47,000+ VPD
• 2024 revenue totaled $372.8 billion, a 4.2% increase over the previous year
• Affluent residential submarket – $118,000 average household incomes within a 1-mile radius of the subject property

Description:

A CVS Zero Cash Flow asset with 19+ years remaining in the base term of an absolute net lease. Subject property is located in Federal Way – an affluent Seattle suburb boasting average household incomes of $118,000 within a 1-mile radius.