CVS

Seekonk, Massachusetts

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy at 1479 Newman Avenue in Seekonk, Massachusetts. The site consists of roughly 12,900 rentable square feet of building space. This CVS is subject to a 25-year absolute triple-net (NNN) lease, which commenced May 1st, 2014. The current annual rent is $550,000 and is scheduled to increase by 10% in the first option and 5% throughout the 5 other, 5-year renewal options.

About the Investment
✓ Absolute Triple-Net (NNN) Offering of a CVS with a Drive Through
✓ Strong Credit Backing of Corporate CVS
✓ Investment Grade Credit Rating!
✓ Essential Business | Long Term Tenancy | Recession Proof Business
✓ High Performing Site | This Location is in the Top 71% of All CVS Sites
Nationwide!
✓ Prototype CVS was Built in 2014 | 16+ Years of NNN Term Remaining!
✓ Site Operated Inline Next to Stop & Shop Before Relocating to
a Larger Format Store Complete with a Drive Through
✓ CVS is the Dominant Pharmacy in the Northeast as well as within the
Local Seekonk Market | Site is Only 16 Miles from CVS HQ!