CVS Pharmacy

ST. ALBANS, WV

CVS Health Corporation (NYSE: CVS) operates retail pharmacy and pharmacy benefit management businesses in the United States. The company offers prescription drugs, general merchandise, including over the counter drugs, beauty products and cosmetics, seasonal merchandise, greeting cards, convenience foods, and film and photofinishing services.

Property Information

  • Tenant:  CVS Pharmacy
  • Location:  201 MacCorkle Ave., St. Albans, WV 25177
  • Property Type:  Freestanding, Retails
  • Building Size:  11,945 Square Feet
  • Purchase Price:  $5,772,581.64
  • Income Stream:  Zero for 22.5 Years

St. Albans

 

The St. Albans area is home to more than 24,000 people who appreciate its convenient location, just a 20-minute drive to Charleston, and its small town charm. In St. Albans you’ll find outstanding recreational opportunities, a progressive school system, hospitable businesses, and, above all, friendly people. The town’s motto is “Come for Business, Stay for Life!”

About Tenants-In-Common

Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides. This Millcreek Commercial property has the following characteristics:

  • Property is offered debt-free
  • Long-term, corporate-guaranteed lease
  • Satisfies IRS requirements for 1031 exchanges
Millcreek Commercial pleasant grove office building

Office | 801.899.1943

Lease Information

  • Lease Guarantor:  CVS Corporation
  • Initial Lease Term:  22.5 Years
  • LTVs:  75%
  • Renewal Options:  Ten 5-year Extensions
  • Lease Type:  NNN Lease, Zero Cash Flow