Brand New Roof with transferable 20-year warranty – The property recently underwent a full tear-off and complete roof replacement, accompanied by a 20-year warranty, providing long-term durability, reduced capital risk, and predictable ownership costs for the next two decades.
Favorable Demographics – The property is supported by a strong trade area with an average household income of $126,000 and a population of 97,000 within a 5-mile radius, reinforcing tenant performance and long-term site viability.
High-Performing Store – Ranked in the 70th percentile of CVS stores nationwide for store visits according to Placer.ai.
Below-Market & Replaceable Rent – Current rent is below market, enhancing long-term durability and supporting strong residual value with excellent re-tenanting prospects.
Proximity to Healthcare – Situated in close proximity to local hospital and a dense concentration of medical offices, supporting sustained prescription volume and repeat customer traffic.
Long-Term Lease – 9 years remaining on the initial term, providing stable and predictable cash flow.
Corporate Guarantee – Backed by the tenant’s corporate entity, strengthening credit quality and enhancing income security.