20 Airport Rd
Sedona, AZ 86336
CVS Pharmacy · Retail Property For Sale

Stan Johnson Company (“SJC”), on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest in the single-tenant retail property located at 20 Airport Road in Sedona, Arizona (the “Property”). Newly constructed in 2016, the Property comprises ±11,945 SF on a large ±5.29-acre parcel that is positioned on a hard, signalized corner with frontage on Arizona State Highway 89A, the primary arterial into, out of and through Sedona where nearly 24,000 vehicles pass daily. The Property includes incredible residual value given its large 5.29-acre lot in a high barrier-to-entry submarket where development cannot expand beyond already zoned lots due to surrounding mountains and natural barriers. The Property is also centrally located within a community where a $600+ million tourism industry is thriving and boasts a backdrop of the famous red rocks that are often featured in movies, tv shows and commercials. This Property is truly a one-of-a-kind generational pride-of-ownership acquisition opportunity located in one of the most beautiful places on earth. The Property features a drive-thru and offers CVS’s premier amenities, including in-store immunizations, photo services and the sale of beer, liquor and wine. CVS Corporation (NYSE:CVS | S&P: BBB) fully guarantees the lease and operates under an absolute NNN, 25-year base lease term with more than 23 years remaining and ten, five-year renewal options. A truly passive investment opportunity there is no Landlord responsibility whatsoever over the life of the lease. The Property presents a Zero Cash Flow acquisition opportunity, offered with a non-recourse, fixed rate, fully amortizing loan for investors seeking to increase a depreciable basis while requiring minimal equity. This structure is also ideal for tax-deferred 1031/1033 exchange buyers seeking passive losses that may be used to offset income from other real estate investments. Contact Broker for details.