The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Booneville, Mississippi.
The lease runs through January 2036 leaving over 12 years remaining on the primary term. CVS has been successfully operating at
this location since 2010, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities
and has ten 5-year renewal options attached. The lease also features a corporate guaranty from CVS and a low rent figure
compared to other national pharmacy locations.
The 14,889-square-foot building is located along North 2nd Street a primary thoroughfare for the area that experiences over 11,000
vehicles per day. The property is surrounded by a number of nationally recognized retailers and several industrial tenants including
Walmart, Tractor Supply Company, ACCO Brands, McDonald’s, O’Reilly Auto Parts, North American Pipe Corporation, and ProVia. The
property also benefits from its proximity that is several blocks north of Northeast Mississippi Community College which hosts around
3,400 students. This CVS location has limited competition in the area with the nearest Walgreens being located over 18 miles north
of the subject property.
CVS Pharmacy is the nation’s largest drugstore chain and total prescription revenue and operates 9,900+ locations in 49 states, the
District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is a publicly traded company on the New York Stock Exchange (Symbol:
CVS) with a market capitalization in excess of $97.9 billion. CVS is one of the largest corporations in the nation, ranking #4 on the
Fortune 500.