CVS - Retail Investment Opportunity

Highlights:

• Essential Retail Tenancy – CVS offers a recession-resilient retail model centered on pharmaceuticals, healthcare services, and daily essentials, supporting consistent, needs-based consumer demand.
• Investment-Grade Credit – Backed by a solid credit profile (S&P: BBB; Moody’s: Baa2), CVS provides institutional-quality tenancy and long-term income security.
• Absolute NNN Lease – Passive ownership structure with an absolute triple-net lease eliminates landlord responsibilities, ensuring stable, management-free cash flow.
• Prominent Location – High-visibility site with strong frontage along a major arterial road drives consistent traffic volumes and helps to enhance brand exposure.
• Structured Rent Increases – 10% contractual rent escalations every five years offer built-in income growth and a reliable hedge against inflation.
• Compelling Price Point – Currently the lowest-rent CVS available in the state of Maryland, which presents a rare opportunity for value acquisition with durable tenancy.
• Surrounding Development Catalyst – A $41 million, ±90,000 SF Baltimore County Public Library and Recreation Center under construction directly across the street is projected to attract over 100,000 annual visitors, strengthening area foot traffic and enhancing retail synergy.
• Long-Term Operating History – CVS has continuously operated at this location since 1995, underscoring site-level performance and the tenant’s commitment to this location.

Documents: