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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
- ?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
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, 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 | 10,125 SF | - | Jan 2028 |
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
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
NNN Freestanding CVS | Pickens, SC | 204 Hampton Ave
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