CVS Pharmacy

601 East Main Street, Canfield, OH 44406

$5,263,158

Cap Rate 4.75%

View OM

Updated: 02.13.25 Posted: 11.13.24 Status: Inactive

Summary

Price $5,263,158	Built/Renov 1999/2018	Tenant CVS Pharmacy
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,113	Lease Start 12-12-2000	#Units 9,395
Price/SF $520.43	Expiration 05-31-2038	Tenant Type Pharmacy
NOI $250,000	R. Term 12.6	Ownership Fee Simple
Rent/SF $24.72	Increases 2.5%/11/yrs	Pop 5Mi 83,497
Lot/AC 1.42	Options 5/5yrs/2.5%	AHHI 5Mi $84,390

Highlights

13+ years remaining on the current lease term with 5 (5-year) renewal options
The lease features 2.5% rental increases at the start of the option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

CVS Pharmacy is strategically located at the signalized, hard-corner intersection of E Main Street and Fairground Boulevard, with a combined daily traffic count of 28,000 vehicles and adjacent to State Route 11 (32,257 VPD). The property sits on a 1.42-acre lot nestled between large suburban neighborhoods and several major employers in the area. Built in 1999, the site underwent a major...

...

Key Features

Signalized intersection
Near major nationals
Strategically located
Highway location
Strong demographics
Major MSA
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

...

Links

CVS Pharmacy Wikipedia CVS Pharmacy Wikipedia Canfield, Ohio Zip Code 44406 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CVS Pharmacy
Guarantor:Corp T and Rated
Company:CVS Health Corporation
# Units:9,395
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: CVS

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs and...

...

Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	3,496	23,271	80,896
2025 Total Population :	3,553	23,655	82,134
2025 Employed Civilian Pop :	1,696	12,777	42,829
2025 Total Businesses :	227	1,132	3,198
2025 Average Household Income :	$ 107,094	$ 113,309	$ 86,085
2025 Total Consumer Spending :	$ 151 M	$ 996 M	$ 2772 M
2025 Median Age :	49	47	45
2025 Total Households :	1,632	10,265	36,979
2025 Pop Age 25+: Bachelor's Degree :	728	5,006	13,597
2025 Average Home Value :	$ 273,523	$ 300,360	$ 222,167

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main St	State Hwy11	2002	16,230	0.06 mi
Talsman Dr	Main St	2007	2,667	0.11 mi
RAMP FROM US224 TO SR11 SB	E Main St	2021	1,992	0.14 mi
RAMP FROM US224 TO SR11 SB	E Main St	2020	1,782	0.14 mi
RAMP FROM US224 WB TO SR11 NB	Boardman Canfield Rd	2021	4,195	0.16 mi
RAMP FROM US224 WB TO SR11 NB	Boardman Canfield Rd	2020	3,752	0.16 mi
		2019	2,380	0.16 mi
RAMP FROM US224 EB TO SR11 NB	State Rte 11	2021	2,608	0.17 mi
East Main Street	Manor Hill Dr	2021	21,505	0.18 mi
		2019	9,767	0.18 mi

Listing Broker

Andrew Gilbert

Sands Investment Group

Contact

14 Listings
4223 Views
3 Sold

Scott Reid

ParaSell, Inc

Contact

35 Listings
12194 Views
8 Sold

Andrew Gilbert

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

...

Scott Reid

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

...

Chris Sands

Sands Investment Group

Contact

10 Listings
6008 Views
3 Sold

Clifton McCrory

Sands Investment Group

Contact

37 Listings
11485 Views
6 Sold

Chris Sands

In 2010 Chris set out to form Sands Investment Group, a firm that would focus on buying and selling net lease properties. His vision was to lead a highly specialized and knowledgeable company able to provide clients with a level of service unprecedented in the industry. A few short years later, the result is one of the fastest growing and most successful net lease companies in the country, with advisors that are among the most distinguished and sought after in the industry. Born and raised in

...

Clifton McCrory

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT