LONG LEASE TERM REMAINING: The lease currently has over 12 years of term remaining with six, 5-year renewal options.
INVESTMENT GRADE CREDIT: CVS Health (NYSE: CVS) is a publicly traded company and the largest retail pharmacy in the country with over 9,900 locations. The company holds an investment grade credit rating of BBB (S&P) and Baa2 (Moody’s), and reported 2019 revenues of over $256 billion.
URBAN IN-FILL LOCATION: The Property is located on a corner parcel along a busy retail corridor in a densely populated neighborhood of urban Boston. The location offers easy access for neighborhood residents on foot and for those traveling by car, CVS benefits from a large municipal lot that provides ample parking. Additionally, CVS is located less than 0.2 miles from the Uphams Corner Station along the Fairmount Commuter Rail Line.
EXCEPTIONAL DEMOGRAPHICS: An impressive 433,157+ people live within a 3-mile radius of the Property with an average household income of over $110,000.
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
