STRONG INVESTMENT GRADE TENANT

» CVS Health is a BBB-rated, publicly traded company with over 9,000 locations and $372.8B in 2024 revenue

​

LONG OPERATING HISTORY

» CVS has operated at this location since 2008 (17 years) under a 25- year NNN ground lease guaranteed by corporate, expiring January 2033 with six 5-year renewal options at 5% rent increases.

​

STRONG REAL ESTATE FUNDAMENTALS

» Situated on 1.9 acres, this property features an 11,970 SF building with Drive Thru and nearly 70 parking spaces.

​

BELOW MARKET RENT

» CVS is paying an Under Market Rent of $10.44/sf. This is below the current market rent of $22/sf.

DOMINANT MARKET POSITION

» Only pharmacy in the Radford MSA, serving 24,000+ residents with no direct competition. Positioned along Lee Highway (26K VPD) at the bridge entry, the site benefits from unmatched visibility and reliability as the community’s primary provider of prescriptions and essential health goods.