CVS

Stonecliff has been exclusively engaged to solicit offers for the sale of a CVS Pharmacy located at 101 East Main Street in Locust, NC, within the high-growth Charlotte Metro. This +/- 10,200 SF freestanding store sits on 1.27 acres at the signalized intersection of E Main Street and N Central Avenue, with combined traffic counts of ~28,800 VPD. Corporate-guaranteed by CVS Health Corp.—a Fortune 5 company—the asset features a recently extended NNN lease running through January 31, 2040 (lease through January 31, 2040), plus three (3) 5-year options with 10% increases. Positioned in Locust’s primary retail corridor amid significant residential expansion, the property offers durable income and direct exposure to one of the Southeast’s fastest-growing metros.

1. 01
   Publicly Traded Entity — NYSE

   CVS | Fortune 5 Company

2. 02
   Corporate-guaranteed Lease — Backed by CVS Health Corporation (Parent of CVS Pharmacy, Caremark, Aetna, Minuteclinic)
3. 03
   Established Brand — 9,000+ Retail Pharmacy Locations Across All 50 States, DC, and Puerto Rico
4. 04
   Strong Financials — Annual Revenue Exceeding $370 Billion; Serves 100m+ Plan Members Through Aetna and Caremark
5. 05
   Long-term Stability — Recently Executed First Amendment Extends Initial Term to 1/31/2040 (Lease Through January 31, 2040)
6. 06
   Attractive Rent Growth — Three (3) Five-year Renewal Options at 10% Increases Each
7. 07
   NNN Lease — Limited Landlord Responsibilities — Ideal Passive, Credit-driven Investment