Log In/Sign Up
Your email has been sent.
NNN Freestanding CVS | Pickens, SC 204 Hampton Ave 10,000 SF Retail Building Pickens, SC 29671 $2,421,000 ($242.10/SF) 6% Cap Rate
Investment Highlights
- STRATEGIC HARD-CORNER LOCATION | PRIMARY RETAIL CORRIDOR
- LOW PRICE POINT & ATTRACTIVE BASIS
- NECESSITY-BASED HEALTHCARE TENANT
Executive Summary
LONG-TENURED TENANT | 25+ YEARS OF CONTINUOUS OCCUPANCY
- ?CVS has operated at this location since 1999, demonstrating sustained store-level performance and long-term commitment to the trade area
INVESTMENT-GRADE CORPORATE GUARANTOR (S&P: BBB)
- ?Lease guaranteed by CVS Health Corporation (NYSE: CVS), one of the largest healthcare companies in the U.S. with 9,000+ locations and strong corporate credit
ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
- ?True passive investment with no landlord obligations, ideal for 1031 exchange and out-of-state ownership
LOW PRICE POINT & ATTRACTIVE BASIS
- ?Offered at a favorable price point relative to replacement cost, allowing investors to achieve above-market yield with downside protection
NECESSITY-BASED HEALTHCARE TENANT
- ?CVS serves as a critical healthcare and pharmacy provider within the market, supporting consistent consumer demand regardless of economic conditions
STRATEGIC HARD-CORNER LOCATION | PRIMARY RETAIL CORRIDOR
- ?Positioned along Hampton Avenue (17,800+ VPD) with strong visibility and access, serving as a primary retail node for the surrounding community
- ?CVS has operated at this location since 1999, demonstrating sustained store-level performance and long-term commitment to the trade area
INVESTMENT-GRADE CORPORATE GUARANTOR (S&P: BBB)
- ?Lease guaranteed by CVS Health Corporation (NYSE: CVS), one of the largest healthcare companies in the U.S. with 9,000+ locations and strong corporate credit
ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
- ?True passive investment with no landlord obligations, ideal for 1031 exchange and out-of-state ownership
LOW PRICE POINT & ATTRACTIVE BASIS
- ?Offered at a favorable price point relative to replacement cost, allowing investors to achieve above-market yield with downside protection
NECESSITY-BASED HEALTHCARE TENANT
- ?CVS serves as a critical healthcare and pharmacy provider within the market, supporting consistent consumer demand regardless of economic conditions
STRATEGIC HARD-CORNER LOCATION | PRIMARY RETAIL CORRIDOR
- ?Positioned along Hampton Avenue (17,800+ VPD) with strong visibility and access, serving as a primary retail node for the surrounding community
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,000 SF
Building Class
B
Year Built
1999
Price
$2,421,000
Price Per SF
$242.10
Cap Rate
6%
NOI
$145,288
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.45 AC
Zoning
GBD
Parking
49 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
363’ on Hampton Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 10,125 SF
- -
- Jan 2028
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 | 10,125 SF | - | Jan 2028 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4181-16-93-0757 | Improvements Assessment | $117,040 |
| Land Assessment | $55,080 | Total Assessment | $172,120 |
Property Taxes
Parcel Number
4181-16-93-0757
Land Assessment
$55,080
Improvements Assessment
$117,040
Total Assessment
$172,120
Contacts
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
NNN Freestanding CVS | Pickens, SC | 204 Hampton Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.