CVS NNN Property For Sale
This article provides a comprehensive guide for investors interested in CVS triple-net properties. It covers CVS's history, site selection criteria—emphasizing spacious parking, high-traffic areas, dense populations, and freestanding sites with drive-thru capabilities—and average lease rates for their properties. CVS is an attractive tenant for NNN investors due to its essential retail classification, strong market presence, and robust corporate guarantee. The company typically seeks long-term NNN leases.
- Asking price $6.00M
- 4.80% cap rate
- NOI $288,000
- 25 years remaining
- NNN lease
- Rent increases: Every 5-6 years
- Guarantor: Corporate
Asset type: Pharmacy