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CVS 1302 Highway 72-221 East 10,184 SF Retail Building Greenwood, SC 29649 $3,120,000 ($306.36/SF) 6.25% Cap Rate
Investment Highlights
- Investment Grade Tenant – CVS Health (S&P: BBB). Corporate-guaranteed lease from CVS Health, providing institutional-quality credit
- Long-Term Lease Structure – Just Under 7 Years of Remaining Lease Term – Secure in-place income with meaningful term remaining
- High-Visibility Corner Location – Situated on over an acre along a dense retail corridor at a signalized intersection with strong traffic counts
- Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities.
- Proven Location – CVS has operated at this site for over 26 years demonstrating sustained performance and commitment to the site.
- Highly Trafficked Corridor – This stretch of the Bypass sees over ±24,700 VPD.
Executive Summary
Broker of Record
Kyle Matthews
License # 22684, 105710 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 22684, 105710 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,184 SF
Building Class
C
Year Built
1999
Price
$3,120,000
Price Per SF
$306.36
Cap Rate
6.25%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
GC
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6856-372-617-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $162,000 |
Property Taxes
Parcel Number
6856-372-617-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$162,000
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CVS | 1302 Highway 72-221 East
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