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Views: 112 DOM: 463 Updated: 08.06.24 Posted: 06.02.23 Status: Active

Summary

Price $3,874,385
Built/Renov 2006
Tenant CVS
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,008
Lease Start 09-19-2005
#Units 9,900
Price/SF $297.85
Expiration 01-31-2031
Tenant Type Pharmacy
NOI $251,835
R. Term 6.4
Ownership Fee Simple
Rent/SF $19.36
Increases 0.0%/8/yrs
Pop 5Mi 407,499
Lot/AC 1.76
Options 10/5yrs
AHHI 5Mi $55,032

Lease Highlights

  • CVS has been operating in this location since 2005
  • Tenant has over 7 years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by CVS Corporation (NYSE: CVS)
  • CVS is an investment grade tenant (S&P: BBB)

Location Description

This 13,008 square foot CVS is situated on a 1.762 acre parcel at the signalized, hard corner intersection of West Bellfort Boulevard and Dairy Ashford Road with access to a combined 33,357 vehicles per day. The site is equipped with a drive-thru for customer ease and access. Neighboring national/credit tenants include Sam’s Club, Walmart Supercenter, Starbucks, Chick-fil-A, O’Reilly Auto...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: CVS
  • Guarantor:Corp T and Rated
  • Company:CVS Corporation
  • # Units:9,900
  • Tenant S&P: BBB
  • Moody’s: Baa1
  • Stock: NYSE: CVS

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 23,248 162,960 408,758
2023 Total Population : 22,982 160,951 404,089
2023 Employed Civilian Pop : 11,395 76,314 197,235
2023 Total Businesses : 284 7,639 19,283
2023 Average Household Income : $ 82,020 $ 74,724 $ 79,617
2023 Total Consumer Spending : $ 529 M $ 3531 M $ 9701 M
2023 Median Age : 36 34 34
2023 Total Households : 7,539 54,388 140,451
2023 Pop Age 25+: Bachelor's Degree : 3,219 20,211 57,541
2023 Average Home Value : $ 254,357 $ 249,470 $ 275,998
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Dairy Ashford Rd Monticeto Ln 2011 18,640 0.06 mi
S Dairy Ashford Rd Kemerton Dr 2001 18,730 0.10 mi
W Bellfort Ave Dairy Ashford Rd 2011 21,310 0.12 mi
West Bellfort Avenue Craddock Dr 2019 26,471 0.14 mi
W Bellfort St Nobility Dr 2011 28,643 0.19 mi
Dorrance Ln Cedar Form Ln 2011 1,200 0.39 mi
South Dairy Ashford Road Huntington Venture Dr 2019 17,830 0.42 mi
S Dairy Ashford Rd Huntington Venture Dr 2015 15,748 0.42 mi
Keegan Rd Tambourine Dr 2011 4,180 0.44 mi
Dairy Ashford Rd Brighton Ln 2011 20,960 0.56 mi

Listing Broker

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