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CVS | 18+yrs Remain Corp Abs NNN 33 E Market St 11,945 SF Retail Building Lewistown, PA 17044 $6,031,154 CAD ($504.91 CAD/SF) 6.35% Cap Rate

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Investment Highlights

Corporate Guaranteed Lease (S&P: BBB) | Options to Extend | Approximately 18 Years Remaining | America’s Leading Pharmacy
Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
Signalized, Hard Corner Intersection | Residential Consumer Base

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Geisinger Lewistown Hospital (123 Beds) | Dense Retail Corridor | Strong National/Credit Tenants
Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS Pharmacy located in Lewistown, Pennsylvania. The tenant has approximately 18 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed, which also includes a paydown/readvance feature allowing for investors to pull cash from the transaction – see page 18 for more details. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

11,945 SF

Building Class

Year Built

2016

Price

$6,031,154 CAD

Price Per SF

$504.91 CAD

Cap Rate

6.35%

NOI

$383,004 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.25

Lot Size

1.11 AC

Zoning

C - Commercial

Parking

59 Spaces (4.94 Spaces per 1,000 SF Leased)

Frontage

253’ on E Market St

Corner Lot
Dedicated Turn Lane

Signage
Signalized Intersection

Drive Thru

Monument Signage

Retailer
99,999 SF
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CVS Pharmacy began as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.