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CVS Pharmacy Store #8420 7740 N Cortaro Rd 14,375 SF Retail Building Tucson, AZ 85743 $6,055,168 CAD ($421.23 CAD/SF) 7.26% Cap Rate



EXECUTIVE SUMMARY
Absolute NNN Lease with No Landlord Responsibilities - The tenant is responsible for all expenses, including property taxes, insurance, roof, structure, and site maintenance, making this a true passive investment.
Corporate Guarantee from CVS Health (NYSE: CVS) - Lease is backed by a Fortune 500 company with an S&P “BBB” credit rating and a national presence of over 9,000 locations.
Long-Term Tenancy with Strong Lease Stability CVS has operated at this location since 2005 and is in a 20-year lease with 13 years remaining, through January 2039.
Reliable Cash Flow with Built-In Rent Increases Annual rent is $315,000 ($26,250 per month) with ten five-year renewal options. Each option includes a 2.5% rent increase.
Freestanding 14,375 SF Building - Positioned on a prominent corner parcel offering excellent visibility and convenient access.
Located in a High-Traffic Retail Corridor Situated along Cortaro Road that sees 31,654 VPD and surrounded by major retailers including Walmart, A Fitness, PetSmart, and Dutch Bros.
Strong Demographics in Surrounding Trade Area - Roughly 92,000 residents live within five miles, with average household incomes of $121,683.
Essential Retail Use with Recession-Resilient Demand Pharmacy tenants provide daily necessity goods and demonstrate strong performance across all economic cycles.
Download the offering memorandum here: https://cvstusconaz.sharplaunch.com/
Corporate Guarantee from CVS Health (NYSE: CVS) - Lease is backed by a Fortune 500 company with an S&P “BBB” credit rating and a national presence of over 9,000 locations.
Long-Term Tenancy with Strong Lease Stability CVS has operated at this location since 2005 and is in a 20-year lease with 13 years remaining, through January 2039.
Reliable Cash Flow with Built-In Rent Increases Annual rent is $315,000 ($26,250 per month) with ten five-year renewal options. Each option includes a 2.5% rent increase.
Freestanding 14,375 SF Building - Positioned on a prominent corner parcel offering excellent visibility and convenient access.
Located in a High-Traffic Retail Corridor Situated along Cortaro Road that sees 31,654 VPD and surrounded by major retailers including Walmart, A Fitness, PetSmart, and Dutch Bros.
Strong Demographics in Surrounding Trade Area - Roughly 92,000 residents live within five miles, with average household incomes of $121,683.
Essential Retail Use with Recession-Resilient Demand Pharmacy tenants provide daily necessity goods and demonstrate strong performance across all economic cycles.
Download the offering memorandum here: https://cvstusconaz.sharplaunch.com/
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,375 SF
Building Class
B
Year Built
2004
Price
$6,055,168 CAD
Price Per SF
$421.23 CAD
Cap Rate
7.26%
NOI
$439,488 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.09 AC
Zoning
C, Marana - C, Marana
Parking
73 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 226-30-002R | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $669,874 CAD |
PROPERTY TAXES
Parcel Number
226-30-002R
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$669,874 CAD
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CVS Pharmacy Store #8420 | 7740 N Cortaro Rd
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