506 Miller Valley Rd
Prescott, AZ 86301
CVS | 12.25 Years Remaining · Retail Property For Sale

CBRE and the Net Lease Property Group in Phoenix have exclusively listed this single-tenant CVS Pharmacy at 506 North Miller Valley Road in Prescott, Arizona (The “Property”) for sale. The Property is located at the hard NWC of North Miller Valley Road and Schemmer Drive in the heart of Prescott, Arizona. This CVS Pharmacy is located less than a half mile north of Arizona State Route 69 (W Gurley St.) and less than a mile west of Highway 89. This CVS Pharmacy offering consists of a lease with 12.25 years remaining and has six, five-year option periods for the tenant to renew. The option periods do include 5% rental increases every 5 years. CVS recently extended the lease with ownership, showing their commitment for the location. The building is ±15,031 rentable square feet on ±78,844 square feet of land. This investment offers a corporate guarantee by CVS Health Corporation. CVS Health is a healthcare innovation company helping people on their path to better health. Through their more than 9,900 retail drugstores, more than 1,100 MinuteClinic® locations, a leading pharmacy benefits manager with approximately 92 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services, they enable people, businesses, and communities to manage health in more effective ways. This unique integrated model increases access to quality care, delivers better health outcomes, and lowers overall healthcare costs. This location’s hours of operation are 7 a.m. to 9 p.m., seven days a week. Along with the pharmacy, this location also has a photo-service department and sells beer, wine and liquor. Prescott is a great place to do business, in part because it is a desirable destination to live. Prescott is located ±90 miles from the Phoenix metro area with cool summers, over 450 miles of trails, five area lakes and several golf courses. The western heritage draws visitors to Prescott’s historic downtown to explore Whiskey Row, the Courthouse Plaza and a variety of museums, art galleries, shops and restaurants. Many visitors fall in love with Prescott, and later plan to live here, or in some cases, expand or move their business enterprise here (Source: Prescott Economic Development Magazine, 2018).