Lee & Associates and Bang Realty are pleased to present for sale a single-tenant CVS Pharmacy located at 9151 Moffett Road in Semmes, Alabama, within the Mobile MSA. The property consists of a 10,260 square foot retail building situated on approximately 1.38 acres and is offered fee simple. Built in 1999, the asset is 100% leased to CVS Health Corporation, an investment grade tenant (S&P: BBB), operating under an absolute NNN lease structure that provides zero landlord responsibilities.
CVS Health is the largest pharmacy operator in the United States, with over 9,000 locations nationwide and a strong corporate guarantee supporting the lease. The tenant has demonstrated long-term commitment to this location, operating at the site for over two decades with a lease extending through December 2030 and multiple five-year renewal options featuring 5% rental increases. The absolute NNN lease structure ensures passive ownership, while the below-market rent provides additional security and long-term stability for investors.