CVS Pharmacy | Absolute NNN Lease | Gulfport, MS

CVS PHARMACY (NYSE: CVS) | STRONG INVESTMENT-GRADE TENANT

• CVS Health (NYSE: CVS) is a leading healthcare company operating over 9,000 retail pharmacy locations across the United States.
• In the fourth quarter of 2024, CVS Health reported total revenues of $97.7 billion, a 4.2% increase compared to the prior year, demonstrating the company’s robust financial performance.
• The company’s medical membership reached 27.1 million as of December 31, 2024, reflecting an increase of 1.4 million members compared to the previous year, indicating a growing customer base.
• The lease is corporate-guaranteed, providing investors with added security and confidence in the tenant’s financial stability.

ABSOLUTE TRIPLE NET (NNN) LEASE | NO LANDLORD RESPONSIBILITIES

• The property operates under an Absolute Triple Net (NNN) Lease, meaning no landlord responsibilities; the tenant is responsible for insurance, taxes, and maintenance.
• The lease commenced in November 2022 and extends through November 2032, offering approximately 7.8 years of remaining term, ensuring long-term income stability.
• The lease includes four (4) five-year renewal options with 5% rent increases at each option period, providing built-in income growth over time.
• The corporate-backed lease ensures predictable cash flow, backed by a financially robust tenant.

PRIME GULFPORT LOCATION | HIGHTRAFFIC RETAIL CORRIDOR

• The property is strategically located along US Highway 49 in Gulfport, MS, a major arterial route with high traffic volumes, enhancing visibility and customer access.
• Gulfport serves as a major commercial hub in Mississippi, with economic drivers such as tourism, healthcare, and local industries contributing to a stable economic environment.
• The established location has been operational since 2000, demonstrating the tenant’s long-term commitment and success at this site.
• The property is situated in a dense retail corridor, surrounded by national retailers, enhancing consumer draw and cross-shopping opportunities.