CVS - Charlottesville, VA

Premier Location – Located across from Fashion Square Mall and Albemarle Square Shopping Center seeing over ±69,400 VPD.
Absolute NNN Ground Lease – Zero landlord responsibilities, making this a truly passive investment.
Long Term Lease – Over ±17 years remaining in the base term, with 25 years of options.
Above Market Rental Increases – This lease has a scheduled 15% rental increase in 2036, with 10% rental increases each option.
Corporate Guarantee – The lease is backed by CVS, with $37.2.8 billion in total revenues. This is a 4.2 % increase from the prior year.
High Growth Market – The Charlottesville population has increased by 3.2% since 2020. The median age in Charlottesville is younger than the national average.
Large Building & Parcel – ±11,945 SF on ±1.54 acres, giving future owners limitless reuse options.
College Town – Home to the 3rd ranked public institution in the country, the University of Virginia holds a student population of over 22,000 students.
Below Market Rent – The tenant is currently paying $28/SF.

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