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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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 6856-372-617-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $162,000 |
Property Taxes
Presented by
CVS | 1302 Highway 72-221 East
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