Location:

• High Income Suburb of Philadelphia, PA: The 3-Mile population has an average household income of $135,036 per year
• Dense Population: Over ±45,000 residents live within 3 miles of the property
• Oversized ±1.77 Acre Parcel

Lease & Property Details:

• Property can either be acquired free and clear or with an assumable loan. The loan is interest only and matures in 2029 with a cash on cash return of 9.39%
• Long Term Lease: ±13 years of remaining lease term
• Hedge Against Inflation: Rental increases included in the option periods
• Absolute NNN Lease, Zero Landlord Responsibilities
• In 2018, CVS signed a 20-yr lease extension, showing a strong commitment to the site
• At the list price, a new owner will receive over 90% of the purchase price in guaranteed income from CVS

CVS Overview:

• Investment Grade Credit Rating: BBB per S&P and Baa2 per Moody’s
• CVS Health’s Market Cap is $70 Billion
• CVS has over 9,000 stores in the United States
• Corporately guaranteed