Built in 1997, this freestanding 10,125 SF CVS Pharmacy features a 24-hour operation and a convenient drive-thru, situated on a generous 1.21-acre parcel at the high-traffic intersection of State Highway US-25 (S Broadway St) and W Showalter Drive in Georgetown, Kentucky. CVS has operated at this location for nearly 30 years, demonstrating a long-term commitment to the site. In 2018, the tenant executed a lease amendment extending its term by 20 years, with the current lease now set to expire in January 2039, providing approximately 13.75 years of remaining base term.
TOP-PERFORMING CVS – With over 452,000 annual visitors, the subject property ranks in the top 11% of CVS locations nationwide and the top 2% in Kentucky (Placer.ai), underscoring its exceptional performance as a high-traffic, income-generating asset with long-term stability.
CVS HEALTH CORPORATION (NASDAQ: “CVS”) IS RATED “BBB” INVESTMENT GRADE BY STANDARD & POOR’S WITH A STABLE OUTLOOK – over $372.8 billion in annual revenue (4.2% year-over-year increase) and market cap of $86.5 billion as of May 2025
CORPORATE BACKED LONG-TERM LEASE – In 2018, CVS Health Corporation executed a lease amendment that extended the term by 20 years. The amended lease now runs through January 2039, leaving approximately 13.75 years remaining on the base term.
ABSOLUTE NNN LEASE STRUCTURE – Zero landlord responsibilities for operating or capital expenses
ATTRACTIVE RENT INCREASES - 5% rent increases between each of the five, 5-year renewal options
ESTABLISHED LONG-TERM TENANCY WITH EARLY LEASE RENEWAL – CVS has operated at the property for nearly 30 years. In 2018, the tenant demonstrated its long-term commitment by executing a lease amendment that added a 20-year extension along with five additional five-year renewal options.
CVS IS RANKED #6 ON THE 2024 FORTUNE 500 LIST – over 9,000 pharmacies and 300,000 employees operating in all 50 states