• Commitment to Location: CVS recently renewed its lease at this site without negotiations, underscoring its strong commitment to this location.
• Long-Standing Presence: CVS has been operating here since 2004, providing nearly 20 years of uninterrupted service and demonstrating its success within the community.
• Passive Ownership Structure: Landlord responsibilities are limited exclusively to the roof and structure, making this a low-touch, hassle-free investment.

LOCATION HIGHLIGHTS:

• Strategic Proximity to Albany & Major Employers: Located just 10 minutes from Downtown Albany and in close proximity to Rensselaer Polytechnic Institute (RPI), Samaritan Hospital, and other major regional employers.
• Strong Traffic & Visibility: Positioned along 2nd Ave/Route 4, a key local thoroughfare with direct connectivity to I-787, providing excellent visibility and steady daily traffic counts.
• Established Residential & Commercial Corridor: Surrounded by a dense mix of residential neighborhoods, schools, retail, and service-based businesses, driving consistent local foot traffic.

TENANT HIGHLIGHTS:

• Investment-Grade Credit: CVS Health offers a solid corporate guaranty, backed by a BBB rating from S&P Global and Baa3 from Moody’s, reflecting its investment-grade financial strength and leading market position.
• Global Public Company: With a market capitalization of approximately $78 billion USD, CVS Health is a Fortune 500 company and one of the largest healthcare and pharmacy services providers in the U.S., operating across retail, pharmacy benefit management (PBM), and insurance segments.
• 60+ Years of Operational Leadership: Founded in 1963, CVS Health operates over 9,000 retail pharmacy locations nationwide, manages one of the largest PBM networks through CVS Caremark, and owns Aetna, a leading health insurance provider, positioning itself as a vertically integrated healthcare powerhouse.