CVS Pharmacy

601 East Main Street, Canfield, OH 44406

$5,263,158

Cap Rate 4.75%

Views: 5 DOM: 2 Updated: 11.13.24 Posted: 11.13.24 Status: Active

Summary

Price $5,263,158	Built/Renov 1999/2018	Tenant CVS Pharmacy
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,113	Lease Start 12-12-2000	#Units 9,395
Price/SF $520.43	Expiration 05-31-2038	Tenant Type Pharmacy
NOI $250,000	R. Term 13.6	Ownership Fee Simple
Rent/SF $24.72	Increases 2.5%/11/yrs	Pop 5Mi 83,497
Lot/AC 1.42	Options 5/5yrs/2.5%	AHHI 5Mi $84,390

Lease Highlights

13+ years remaining on the current lease term with 5 (5-year) renewal options
The lease features 2.5% rental increases at the start of the option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard-corner intersection of E Main Street and Fairground Boulevard, with a combined daily traffic count of 28,000 vehicles and adjacent to State Route 11 (32,257 VPD). The property sits on a 1.42-acre lot nestled between large suburban neighborhoods and several major employers in the area. Built in 1999, the site underwent a major...

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Key Features

Signalized intersection
Near major nationals
Strategically located
Highway location
Strong demographics
Major MSA
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

CVS Pharmacy Wikipedia CVS Pharmacy Wikipedia Canfield, Ohio Zip Code 44406 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CVS Pharmacy
Guarantor:Corp T and Rated
Company:CVS Health Corporation
# Units:9,395
Tenant S&P: BBB
Moody’s: Baa2
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 and...

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Listing Broker

Andrew Gilbert

Sands Investment Group

Contact

14 Listings
1415 Views
2 Sold

Scott Reid

ParaSell, Inc

Contact

35 Listings
2038 Views
5 Sold

Andrew Gilbert

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Scott Reid

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

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Chris Sands

Sands Investment Group

Contact

10 Listings
1168 Views
2 Sold

Clifton McCrory

Sands Investment Group

Contact

37 Listings
2550 Views
4 Sold

Chris Sands

In 2010 Chris set out to form Sands Investment Group, a firm that would focus on buying and selling net lease properties. His vision was to lead a highly specialized and knowledgeable company able to provide clients with a level of service unprecedented in the industry. A few short years later, the result is one of the fastest growing and most successful net lease companies in the country, with advisors that are among the most distinguished and sought after in the industry. Born and raised in

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Clifton McCrory

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