RECENT 20-YEAR LEASE EXTENSION DEMONSTRATES LONG-TERM COMMITMENT
- ?In 2019, CVS executed a 20-year lease extension, reaffirming the strategic importance of this location and signaling long-term commitment following more than two decades of successful operations at the site
INVESTMENT-GRADE CORPORATE GUARANTY (CVS HEALTH)
- ?Backed by CVS Health Corporation (NYSE: CVS; S&P: BBB), one of the largest healthcare providers in the U.S. with over 9,000 locations nationwide
LONG-TERM PASSIVE INCOME STREAM
- ?Absolute NNN lease structure provides zero landlord responsibilities and stable, predictable cash flow over the remaining 13+ year lease term
LOW RENT BASIS ENHANCES LONG-TERM TENANT VIABILITY
- ?The asset features a low absolute rent level and attractive basis, positioning the location well below replacement cost and supporting long-term tenant sustainability and renewal probability
EXPOSURE TO GREENVILLE MSA GROWTH & LAKE KEOWEE DEMAND
- ?Located within the broader Greenville–Anderson MSA, one of the fastest-growing regions in the Southeast, with additional demand drivers from Lake Keowee's affluent second-home and retirement base