Holliday Fenoglio Fowler, L.P. (“HFF”) Net Lease Advisory is pleased to exclusively offer a premier net lease opportunity to acquire a CVS Pharmacy (the “Property”) with approximately 16 years of remaining lease term located in Homewood, Alabama. The Property is situated on the main retail corridor in the area at the intersection of Valley Ave and Green Spring Highway with exposure to over 58,000 VPD. CVS has been at this location since 1999 and recently signed a lease extension showing a long term commitment to the site. CVS is the largest healthcare provider in the U.S. with more than 250,000 employees and over 9,700 stores.
CVS Pharmacy serves over 5 million customers a day and has a market cap of over $74 billion. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com. It also provides healthcare services through its more than 1,100 Minute Clinic medical clinics as well as their Diabetes Care Centers.
The location benefits from a population of over 187,984 people within a 5-mile radius and an average household income of $77,440. The Property is situated at the fully signalized intersection of Valley Ave and Green Springs Highway with exposure to over 58,000 VPD
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