Overview

Description

TN is an Income Tax Free state. Pharmacy since 1993. Food City next-door. CVS went through its ENTIRE original lease and ALL options. CVS recently executed a long term extension (showing a real commitment to this site).

Extremely low rent to sales ratio. Rent is less than $0.65psf. Sales are approx. $975 psf.

CVS reports sales here as well, very rare for a CVS-they didn't take that out in the extension, typically they do. CVS pays for property tax directly, prepays CAM monthly and reimburses for Insurance. New roof/coating with warranty until July 2036.

CVS also added a corp guarantee when they executed the extension.

Next CVS is almost 24 miles away.

Highlights

• Extremely Low Rent, less than $0.65psf/month
• CVS went through its entire original lease and ALL options then executed a 12 year extension 3 Years early. 
• Very Low Rent to Sales Ratio

Documents

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