CVS
Single Tenant Net Leased Retail Asset
- CVS Pharmacy with Health HUB & Minute Clinic
- Retail Medical Clinic Operated Inside CVS Pharmacy
- Corporate Guarantee from CVS Health Corporation (NYSE: CVS)
- $99.71 Billion Market Cap
- 9,600 Stores in All 50 States – Over 300,000 Employees
- Investment-Grade Credit Rating
- S&P BBB Negative (Moody’s: Baa3 Stable)
- Tenant Recently Extended Their Lease by an Additional 5-Year Term
- 13 Years Contractual Lease Term Remaining
- 5% Scheduled Rent Increases In Option Periods 1-6
- Hard Signalized Intersection (Warren Rd. & Indian Springs Rd.)
- Low In-Place NOI of $289,806
- Close Proximity to Indiana University of Pennsylvania (9,082 Students) and Indiana Regional Medical Center (166 Beds, 12 ICU Beds, 23 Emergency Department Beds)
- Indiana County Has an Estimated Population of 83,000 People
- Average Household Income of $83,000 Within a 5-Mile Radius
- Located 55 Miles from Pittsburgh, PA (1 Hr 15 Min Drive)
