CVS 21975 Highway 59, Robertsdale, AL 36567
Cap Rate 6.75%
Price Per SF $334
Leasable Area 12,296 SF
Term Remaining 5 YRS
Broker of Record
License No. 110253 (AL)
Matthews Real Estate Investment Services
841 Apollo Street Suite 150, El Segundo, CA 90245
- Absolute NNN Lease – The tenant is fully responsible for operating expenses, maintenance, and repairs for the entire building and site, without limitation.
- Prototype Store Format – Prototype 12,296 SF CVS format with a drive-thru. Located on a signalized intersection with over 39,000 VPD.
- Top U.S. Pharmacy – The top U.S. pharmacy in 2018 by market share based on prescription drug revenue was CVS Health Corporation (24.2%) followed by Walgreens Boots Alliance (17.5%).
- CVS Market Share – Next nearest CVS is over 11 miles away.
- Nationally Recognized Investment Grade Tenant – Lease is fully guaranteed by CVS Health Corporation (S&P’s rated BBB & Moody’s rated Baa2). CVS Health is ranked #17 on the Forbes Global 2000 in 2018.
- Retail Tenant Synergy – Nearby national retail tenants include McDonald’s, AutoZone, Wendy’s, Chevron, Arby’s, Burger King, Dollar General, Dollar Tree, Sonic and more.
- Strategic Location – Ideally positioned down the street from Robertsdale High school, which is occupied by approximately 1,400 students and staff.