Lee & Associates and DZ Net Lease Realty, LLC are pleased to exclusively offer for sale the opportunity to acquire the fee simple interest (land & building) in a CVS Pharmacy investment property located in Sandy, UT (the “Property”). Constructed in 2015 as a build to suit for CVS, the Property consists of a 13,009-square-foot retail building with drive thru lane situated on a 2.28-acre parcel.The subject property is leased to highly desirable national tenant CVS Health Corp. (S&P: BBB). CVS Pharmacy is currently the second largest retail pharmacy in the US, behind Walgreens. CVS is part of CVS Health Corporation, which includes CVS Pharmacy with 9,700 retail pharmacies, CVS MinuteClinic with more than 1,100 walk-in health care clinics, CVS Caremark, a leading pharmacy benefits manager with over 90 million plan members, and CVS Specialty, a dedicated senior pharmacy care business serving more than one million patients per year. In 2020, it ranked 5th on the Fortune 500 and 13th on the FortuneGlobal 500 list with $194.58 billion in annual revenue.CVS Pharmacy has 20+ years remaining on a 25-year lease that features (10) 5-year renewal options. The lease is true absolute triple-net (NNN) requiring zero management responsibilities from the landlord and providing an ideal passive income stream backed by an investment grade credit tenant.The property is ideally located on the hard corner signalized intersection of East 9000 South and 700 E, offering outstanding visibility and signage to over 73,000 cars per day, as well as multiple entrances and a drive-thru lane for easy in/out access. East 9000 South is a major east-west travel corridor connecting travelers to/from Interstate 15 (181,000+ CPD) which is located less than 2 miles to the west, offering quick access to Downtown Salt Lake City.***CONTACT LISTING BROKERS FOR MORE INFORMATION***
