INVESTMENT OFFERING
SAB Capital is pleased to present CVS in West Union, South Carolina, approximately 37 miles west of Greenville. CVS executed a new, 20-year lease in November of 2019, exhibiting strong commitment to site. The lease has an absolute triple net (NNN) structure, leaving all responsibilities to the tenant. CVS Health Corporation has guaranteed the lease, providing strong credit backing the investment as the company is rated “BBB” by Standard & Poor’s.
- CVS in West Union, SC | 37 Miles West of Greenville
- Tenant Signed a 20-Year Lease Extension in 2019 | Strong Commitment to Site
- Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
- Strong Corporate Guaranty From CVS Health Corp. | S&P: BBB
- Located Just Off An On-Ramp to Highway 28 | Major Commuter Route
- Below Market Rent | Tenant is Only Paying Less Than $14 Per Square Foot
- Population Growth Within 10 Miles | 6.4% Increase Since 2010
- Outparcel to a Save-A-Lot Anchored Shopping Center | Major Traffic Generator
- National Retailers Located Nearby : Dollar General, McDonald’s, Subway, Family Dollar, Cricket Wireless, Bojangles and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
CVS | $2,356,000 | % | Absolute Triple Net | Closed |