Built in 2014, this freestanding CVS Pharmacy retail store with drive-thru is 13,225 SF and situated on 2.02 acres at the high traffic intersection of State Highway US-75 (Washington Blvd) and Frank Phillips Blvd in Bartlesville, Oklahoma. CVS’ 25-year lease expires in January 2040, leaving approximately 15 years remaining on the initial lease term.
• CVS Health Corporation (NASDAQ: “CVS”) is rated “BBB” investment grade by Standard & Poor’s with a Stable Outlook – over $357 billion in annual revenue and market cap of $101.61 billion as of December 2023
• Corporate Backed Long-Term Lease – CVS signed a 25-year lease, which commenced in 2014, leaving approximately 15 years remaining on the initial lease term
• Absolute NNN Lease Structure – Zero landlord responsibilities for operating or capital expenses
• Attractive Rent Increases - Rare 10% rent increases between each of the six, 5-year renewal options
• CVS is ranked #6 on the 2025 Fortune 500 list – over 9,000 stores and 300,000 employees operating in all 50 states