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204 Hampton Ave
Pickens, SC 29671
NNN Freestanding CVS | Pickens, SC · Retail Property For Sale
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
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
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