Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate


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Year Built 2002
Lease Type NN
Current / Passing Rent
Lease Expiration 2038-01-31
Remaining Term 17 years, 5 months
Tenant CVS Health
Building Area
Last Updated Date 21 Jul 2020

Property Description

JLL is pleased to offer CVS Pharmacy for sale. Located at the intersection of Lebanon and West South streets, CVS has leased this property since 2002, showing a long-term commitment to the location. The property is set within a high-visibility intersection that sees over 24,900 vehicles pass through on a daily basis.

Investment Highlights

  • Net lease structure with over 18 years remaining
  • Includes four, 5-year renewal options
  • Rental increases of 6% for each option
  • Lease backed by a corporate guarantee by CVS Corporation

Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218
Steve Schrenk
Steve Schrenk
Director, Capital Markets
License details

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