•	CVS has operated at this location for 27 years and has 3.5+ years remaining on their lease
•	The lease features 2 (5-year) option periods to extend, with rental increases of 3% at the beginning of each option period
•	CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), is America’s leading retail pharmacy with 9,165 retail locations, more than 900 walk-in medical clinics, more than 225 primary care medical clinics
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	Landlord responsibilities limited to roof, structure, foundation, and plumbing
•	Ideal, low-management investment for a passive investor

Offering Memorandum

•	CVS is located at the signalized, hard corner intersection of MLK Jr Way and Reservoir St averaging 22,400 VPD
•	The site benefits from nearby direct on/off ramp access to Interstate 81, a major thoroughfare that averages 57,000 vehicles passing by daily
•	Directly adjacent to Cloverleaf Shopping center, that is anchored by Food Lion, Aaron’s, Big Lots, and more
•	The asset is situated in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Aldi, Target, Lowe’s, Home Depot, Kohls, and many more
•	1.0 mile away from James Madison University (22,760-students)

Harrisonburg, VA - CVS Pharmacy

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Traffic Counts
M.L.K. Jr. Way	15,000 VPD
E. Market Street	50,000 VPD

Investment Offering

Harrisonburg, VA - CVS Pharmacy

Description

Location

Demographics

Traffic Counts

Documents & Links

Contact

Andrew Fallon

Philip Wellde