Dark CVS

CVS-Tenanted Retail Investment | $132,000 in Annual Base Rent:

• -Leased to Ohio CVS Stores, LLC, with current annual base rent of $132,000 and a base-term expiration of March 31, 2029. The existing rent reflects the scheduled 10% increase effective April 2024.

Covered Land Play:

• The existing lease provides guaranteed income throughout the remainder of the term, roughly +/- 2.5 years remaining. The property is being offered at a very compelling going in cap rate, providing new ownership with a favorable basis.

Signalized Hard-Corner Location:

• Situated at the intersection of Copley Road and Hawkins Avenue, the property benefits from exposure along both roadways and a signalized intersection.

Freestanding Building on a ±0.77-Acre Parcel:

• The property features approximately 6,021 square feet of building area and 30 on-site parking spaces on a ±0.77-acre parcel.

Convenient Access to Interstate 77:

• Located a few blocks from I-77, connecting the property to Akron’s broader highway network and surrounding communities.

Proximity to Major Healthcare and Educational Institutions:

• Located approximately two miles from Cleveland Clinic Akron General and three miles from the University of Akron.

Tenant Reimbursement for Specified Repair Costs:

• The existing lease summary provides for tenant reimbursement of certain landlord repair expenses, subject to a $30,000 aggregate cap per lease year and category-specific limitations.