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CVS | NYSE: CVS | Abs NNN Leasehold 2311 Hanover Pike 13,137 SF Retail Building Hampstead, MD 21074 $2,677,041 ($203.78/SF) 9% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporate Guaranteed (NYSE: CVS) Building Lease | Options To Extend | Guaranteed Ground Lease Assigned
Outparcel to Hampstead Marketplace | Along Primary Commercial Corridor | Lack of Competition

Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to present the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN-leased CVS Zero Cash Flow investment property located in Hampstead, Maryland. The property is leased to CVS (NYSE: CVS) under a 25-year absolute NNN lease with approximately eight (8) years remaining and four (4) five-year options to extend, the latter two of which are at fair market rent—underscoring the tenant’s long-term commitment to this location. The absolute NNN structure features zero landlord responsibilities, creating a truly management-free investment that is especially attractive to out-of-state or passive investors. The building is subject to a 24-year ground lease, also with approximately eight (8) years remaining and four (4) five-year options to renew. Importantly, the ground lease has been assigned to CVS, further minimizing ongoing obligations and day-to-day management for the leasehold owner.

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leasehold)

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,137 SF

Building Class

Year Built

2007

Price

$2,677,041

Price Per SF

$203.78

Cap Rate

NOI

$240,934

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.68 AC

Zoning

General Business

Parking

88 Spaces (6.7 Spaces per 1,000 SF Leased)

Frontage

122’ on Hanover Pike

Corner Lot
Pylon Sign

Signage

Signalized Intersection

Drive Thru

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.