CVS Pharmacy

115 W Arrowood Rd - Charlotte NC 28217

LTV (Loan to Value)	65.00%	Current NOI	$215,727.00
Interest Rate	4.250%	Capital Rate	6.250%
Fixed Term	10 Years	Land Area	1.37 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$2,243,800.00	Property Type	Retail
Payment	$12,155.52	Property Lease	Drug Store
Bulding Size	10,000 SF	Remaining Terms	+/- 7.5 Years

Location Description

NNN Lenders is pleased to present to qualified investors the opportunity to purchase an absolute NNN fee-simple interest in a CVS Pharmacy property. The property is located in Charlotte, NC and has 7.5 years remaining in base lease term. The property is 100% leased to and guaranteed by CVS Health Corporation. The Property sits on a signalized hard corner with 109,847 VPD traffic. CVS draws traffic from the surrounding multinational hotels including Courtyard Marriott, Hyatt Place, Holiday Inn & TownePlace Suites.

Highlights

Investment Grade Credit – The property is leased to and guaranteed by CVS Health Corporation, an investment grade company with…

Property Description

Charlotte is the largest city in the state of North Carolina, the seat of Mecklenburg County, and the second largest city in the Southeastern United States, just behind Jacksonville, Florida. In 2013, the estimated population of Charlotte according to the U.S. Census Bureau was 792,862, making it the 16th largest city in the United States based on population. The Charlotte metropolitan area ranks 23rd largest in the US and had a 2013 population of 2,335,358. The Charlotte metropolitan area is part of a 16 county market region or combined statistical area with a 2013 U.S. Census population estimate of 2,493,040. Residents of Charlotte are referred to as “Charlotteans”. Charlotte is considered a “Gamma+ world city”. The city is a major U.S. financial center, with both Bank of America and Wells Fargo's East Coast operations headquartered in the city. Charlotte is also home of the Carolina Panthers of the National Football League (NFL), the Charlotte Hornets of the National Basketball Association (NBA), the Charlotte Hounds of Major League Lacrosse, the NASCAR Hall of Fame, Carowinds amusement park, and the U.S. National Whitewater Center. Charlotte has eight Fortune 500 companies in its metropolitan area, listed in order of their rank: Bank of America, Lowe's in suburban Mooresville, Nucor (steel producer), Duke Energy, Sonic Automotive, Family Dollar, SPX Corporation (industrial technology), and Domtar (in suburban Fort Mill). The Charlotte area includes a very diverse range of businesses, including foodstuffs such as Chiquita Brands International, Compass Group USA, and Coca-Cola Bottling Co. Consolidated (Charlotte being the nation's second largest Coca-Cola bottler), Continental Tire the Americas, LLC., Meineke Car Care Center, Carlisle Companies (along with several other services), and U.S. Airways, along with a wide array of other businesses. In 2013, Forbes named Charlotte among its list of Best Places for Business and Careers. Charlotte has also been listed as the #20 largest city in the US.