CVS

• Recent 20-Year Lease Extension: CVS executed a new 20-year lease extension in 2021, demonstrating its long-term commitment to this established location.
• High-Performing Location: The property has operated as a drugstore for over 30 years, with CVS previously reporting annual sales consistently exceeding $15 million. Please contact agent for additional information.
• Long-Term Lease: Approximately 15 years remain on the initial lease term, which extends through September 2041, providing investors with long-term income stability.
• Passive Ownership: NNN lease structure with limited landlord responsibilities. The tenant has invested its own capital in parking surface improvements within the past approximately two years.
• Investment-Grade Credit: The lease is corporately guaranteed by CVS Health (NYSE: CVS), a nationally recognized pharmacy and healthcare company with an extensive retail footprint across the United States.
• New York City MSA: Located approximately 50 miles north of New York City, the property benefits from average household incomes exceeding $128,000 within one mile and traffic volumes of over 20,000 vehicles per day at Route 6 and E Lake Boulevard.