CVS - Mauldin, SC

Strong Sales Performance: This location has had consistently growing sales over the last 4 years. 2024 sales were ±$10 million. Reach out to the agent for more details.
Long Term Operating History: CVS has been operating at this location for 27+ years and has already exercised their three, 5-year options showing their long-term commitment to this location and the store’s continued success.
Naked Lease Opportunity: With approximately 2 years remaining on the current lease term and no options remaining, the property provides the opportunity to negotiate a new lease with CVS or reposition a proven retail site.
Top MSA: The Greenville-Anderson-Greer MSA is the largest in South Carolina with approximately 975,480 residents currently and is expected to surpass 1,000,000 within the next 2 years. Mauldin itself has a 10-Mile population of 425,310.
Key Developments: Located less than two miles from the subject property, Bridgeway Station celebrated its grand opening in April 2024 featuring several mixed-use complexes along a vibrant main street. The development includes ground-level retail, upper-floor residences and office space, as well as designated locations for two hotels and a movie theater. It marks the first phase of a larger project totaling over 1 million square feet of apartments, offices, retail, dining, lodging, and entertainment. In October 2024, plans were announced for a 10,000-seat multi-use stadium adjacent to Bridgeway Station. These and other nearby developments are rapidly attracting new residents, driving economic growth, and increasing property values.
Limited Landlord Responsibilities: The property is leased on a NN basis with landlord responsibility limited to roof and structure. The roof was replaced in 2021 with a 20-year warranty, reducing near-term capital exposure while preserving long-term real estate upside.

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Kyle Matthews