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CVS Pharmacy 1379 N Frederick Pike 13,248 SF Retail Building Winchester, VA 22603 $7,462,000 ($563.25/SF) 8.75% Cap Rate

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INVESTMENT HIGHLIGHTS

2.26 Acre Parcel Along North Frederick Pike (22,000 VPD) | Investment Grade Tenant (S&P: BBB) | Options to Extend
Offered Free & Clear or with CTL Zero Cash Flow Financing |Tax Advantages and Passive Equity Growth
Strong National/Credit Tenants | Dense Retail Corridor | Multiple Nearby Apartment Complexes

Strong Demographics in 5-Mile Trade Area | Affluent Trade Area
Near Award Winning Valley Health Regional Hospital (495 Beds)
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS (S&P: BBB) investment property located in Winchester, Virginia. The Tenant has approximately 9 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed, which also includes a paydown/readvance feature allowing 1031 exchange investors to pull cash out from the transaction. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,248 SF

Building Class

Year Built

2009

Price

$7,462,000

Price Per SF

$563.25

Cap Rate

8.75%

NOI

$653,243

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Lot Size

2.26 AC

Opportunity Zone

Yes

Zoning

B2 - Community Business

Parking

82 Spaces (6.19 Spaces per 1,000 SF Leased)

Signage

Retailer
99,999 SF
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-

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.