Fresno, CA - CVS

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, investment grade (S&P: BBB), freestanding CVS investment property located in Fresno, CA. The tenant has approximately 10 years of firm term remaining with 1 (2-year) and 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District of Columbia, and Puerto Rico.

• CVS is strategically located at the signalized, hard corner intersection of S. Peach Ave and E Kings Canyon Rd which combined, boasts over 45,000 vehicles per day
• The investment is located in a dense retail corridor with national/credit tenants including Walmart Supercenter, The Home Depot, Vons, Vallarta Supermarkets, Big Lots, dd’s Discounts, Ross, Big 5, Dollar Tree, Walgreens, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site