HMX Realty Advisors is pleased to offer a high-performing CVS Pharmacy for sale. The store and pharmacy are open 24 hours a day, seven days a week. It is located on a highly visible corner along Gray Highway, which sees 38,300 vehicles per day, plus 22,300 on the side street. The tenant is in the second of their six 5-year options. Each option has a 5% rent escalation. The store is 11,288 sf on 1.42 acres. This is an excellent opportunity to buy a CVS with 5% escalations every five years versus a flat lease. Given the stores high performance, with the store and pharmacy open 24-hours a day, it is anticipated that CVS will likely exercise all of their 4 remaining options each with 5% escalations.
This CVS is the top performing store out of 27 locations within 50 miles and outperforms 83% of all CVS stores nationally.
The rent is $20.29 per square foot, which is low for a store that performs so well.