- This CVS lease has no rent holiday featured and has over 11 years of guaranteed rent before the next option.
- The lease has 10% rental increases at the first 2 (5 year) options.
- CVS is responsible for all of the building and property expenses.
- Located approximately 2.2 miles from Texas A&M University–Corpus Christi, with 10,855 students and employing over 700 faculty and staff.
- Close proximity to Naval Air Station Corpus Christi, the largest employer in the area, providing approximately 5,525 civilian jobs, primarily in flight training operations.
- Positioned along South Alameda Street with visibility to over 36,000 vehicles per day, serving over 193,000 residents within a five-mile radius.
- Close to major hospitals, including Corpus Christi Medical Center-Doctors Regional (250 beds, 0.5 miles), Driscoll Children’s Hospital (225 beds, 0.6 miles), CHRISTUS Spohn Hospital–Shoreline (549 beds, 2.5 miles), and CHRISTUS Spohn Hospital–South (158 beds, 3.6 miles).
CVS for Sale properties
- CVS guarantees the rental income which has 5% increases in the options and does not include a rent holiday.
- In 2019, CVS agreed to extend the lease to a 20 year firm term showing their commitment to the location.
- This property is located in the heart of Summerville and benefits from limited drugstore competition with no other CVS or Walgreens for over 14 Miles.
- Located just a 5-minute drive to the northeast is Atrium Health Floyd Chattooga, which serves as the primary healthcare facility for Summerville and the surrounding communities.
- CVS guarantees the rental income which has 5% increases in the options and does not include a rent holiday.
- In 2020, after operating at the location for 14 years, CVS agreed to extend the lease to a rare 20 year firm term before the options showing the strong performance and commitment to the location.
- New developments include over 110,000 square feet of medical space as well as 'Orland Ridge', a brand new 300+ home community located directly across the street.
- Frontage on La Grange Road (38,700 VPD) and 171st Street (14,300 VPD) and with direct access to Interstate 80 (102,900 VPD).
- ±172,000 residents in a 5-Mile radius with an Average Household Income of ±$130,000 within 1-Mile.
- Near HCA Florida Trinity Hospital with 240 beds and 1,400 employees (2.5 Mi SE).
- Strategic location on signalized corner directly across the street from Walgreens with traffic counts of roughly 50,000 VPD.
- Near residential and senior housing with three assisted living facilities within two miles and located at the main entry of ±700 residences.
CVS
Harwich, MA
- Vacation and resort destination location including Disney World, Universal Studios & Island of Adventure and SeaWorld.
- Retail corridor near industrial sector including 7.8 million square feet of retail space in a 3-mile radius.
- Within 5 miles of 14.4 million square feet of industrial space.
- Major regional employers Walt Disney World, Advent Health, Universal Orlando and Orlando Health.
- CVS has agreed to new 15-year lease with 10 (5-year) options with 5% increases in the options.
- Near 44-bed Central Harnett Hospital and only national brand drugstore in Lillington.
- Centrally located between Fayetteville and Raleigh along Highway 210.
- Lillington is the county seat of Harnett County who employ almost 54,000 employees.