SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS Pharmacy investment property located in Phoenix, Arizona. There is currently a pending 10-year lease extension, and the tenant will have 8 (5-year) options to extend remaining, demonstrating their long-term commitment to the site (contact broker for lease extension terms and information). The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and providing a hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. The store operates daily from 7:00 AM to 11:00 PM, with the pharmacy open from 8:00 AM to 8:00 PM, demonstrating strong daily consumer demand at the site. The property supports nearly 385,000 customers per year and ranks in the top 82nd percentile of all CVS locations nationwide.