CVS

• Investment-Grade Tenant: CVS operates over 9,000 stores nationally and remains one of the largest pharmacy retail and healthcare chains in the United States, providing strong underlying credit support for the income stream. The lease is corporate guaranteed and backed by CVS Health Corporation’s BBB investment-grade credit rating (NYSE: CVS), further strengthening the long-term security of the investment.
• Long-Term NNN Lease: The asset is leased on an absolute NNN basis, with the tenant responsible for CAM/parking lot maintenance, taxes, insurance, and roof/structure, making it a passive holding for ownership.
• Outsized Tourism Demand Base: Sedona draws roughly three million-plus visitors annually to a town with a permanent population under 20,000, a visitor-to-resident ratio few U.S. retail markets can match, supporting a $1 Billion+ local tourism economy.
• 16.4 Years Remaining: The current base term runs through 1/31/2043, with 16.4 years remaining per the lease abstract, offering a passive investor a long-term, durable income stream with minimal near-term rollover risk.
• Rare Land Scale in a Land-Constrained Market: At ±5.28 acres the site offers rare scale in a submarket where mountainous terrain sharply limits developable land, adding long-term optionality for outparcel development or superior residual value at lease expiration. Surrounding mountains and natural terrain constrain new competing retail supply, capping it by geography rather than zoning alone.