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CVS | Corp Abs NNN | 18+yrs Occupancy 4515 Highway 411 12,500 SF Retail Building Madisonville, TN 37354 $4,116,136 CAD ($329.29 CAD/SF) 7.75% Cap Rate

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Investment Highlights

Corporate Guaranteed Lease | 18+ Years of Operating History | 6.5 Years of Term Remaining | Investment Grade Tenant (S&P: BBB)
Signalized, Hard Corner Intersection | Centralized Location | US Highway 411 (20,500 VPD) | Extremely Limited Competition
Strong Demographics in 5-Mile Trade Area | County Seat

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State
Adjacent to Walmart Supercenter (1.9M Visitors - Placer.ai) | Multiple Nearby Apartment Complexes | Dense Retail Corridor

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, CVS (S&P: BBB) investment property located in Madisonville, Tennessee. CVS has been operating at this location for more than 18 years and has approximately 6.5 years of firm term 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 within an income tax free state. 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

12,500 SF

Building Class

Year Built

2007

Price

$4,116,136 CAD

Price Per SF

$329.29 CAD

Cap Rate

7.75%

NOI

$319,003 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

1.77 AC

Zoning

C-3 - Highway Business District

Parking

78 Spaces (6.24 Spaces per 1,000 SF Leased)

Frontage

188’ on U.S. 411

Pylon Sign

Signage

Drive Thru

Monument Signage

Retailer
99,999 SF
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CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.