• Strong Historical Store Sales Performance – Property benefits from exceptionally strong historical sales volumes; please contact broker for additional details.
• Investment Grade Credit Tenant – Lease is corporately guaranteed by CVS Health Corporation (NYSE: CVS), a nationally recognized healthcare provider with a market capitalization exceeding $120 billion.
• Long-Term Lease Structure – CVS maintains approximately 11 years of remaining base term with five (5), 5-year renewal options featuring 5% rental increases, providing durable long-term cash flow growth.
• Charlotte MSA Location – Mooresville benefits from its strategic proximity to the Charlotte metropolitan area while offering a lower-cost, affluent suburban environment with strong residential appeal.
• Proximity to Lake Norman – Property is situated adjacent to Lake Norman, one of the Charlotte region’s premier recreational and residential destinations, attracting affluent residents and visitors alike.
• Strong Population Growth – The surrounding trade area has experienced annual population growth exceeding 2.5% within a 5-mile radius since 2020, supporting long-term retail demand fundamentals.
• Affluent Demographics – Average household income exceeds $120,000 within a 5-mile radius, reflecting a high-income consumer base and strong purchasing power.
• Main Street Retail Presence – Property occupies a highly visible location along Main Street in historic downtown Mooresville, benefiting from consistent foot traffic and established suburban retail activity.