CVS

• Recent Long-Term Extension: CVS has operated at this location for 25+ years and recently just committed to a new 10 year lease extension. The new lease term expires in 2036 with multiple options to extend.
• Proximity to Acute Care: The property is strategically supported by major regional medical infrastructure. It is located near Saint Luke’s Hospital on Southview Drive, a 79-bed acute care facility.
• WVU Medicine Network: The site is heavily insulated by the Princeton Community Hospital Bluefield Emergency Department on Cherry Street. This facility is operated by WVU Medicine, bringing state-of-the-art medical traffic and consistent patient outflow directly to the surrounding retail corridor.
• Ideal Pharmacy Demographics: Bluefield presents the exact demographic profile national pharmacies target. The city has a median age of 45. Crucially, over 50% of the local population is aged 45 or older, with a significant 22% over the age of 65. This aging population leads to a highly sticky, recurring customer base.
• Competitive Price Point: Sub $3 million dollar price point. Ideal entry-level pricing for a high-credit tenant with a long term lease.
• Investment Grade Credit Tenant: Lease is corporately guaranteed by CVS (NYSE: CVS), with a market cap of $94 billion and over 9,000 stores across the country.