RDO Investments is pleased to present a trophy fee simple, single tenant, 13,434 square foot CVS Pharmacy located in Phoenix, Arizona. The property was constructed in 2003 as an Eckerd's Pharmacy and then purchased and rebranded to CVS in 2004. CVS signed a Rare 20-year Lease Term in 2021 taking its new lease expiration out to February 2041 with an additional four, 5-year renewal options. The property is Absolute NNN with no Landlord Responsibilities whatsoever. The property is strategically located a block off of Interstate 10 at the southwest corner of 48th Street and Chandler Boulevard. The property is part of Foothills Corporate Park which is anchored by Kohls Department store. Outparcels include AutoZone, Starbucks, Arriba Mexican Restaurant, Va Bene Italian Restaurant, Jersey Mikes, Sports Clips, Desert Dentistry, Edible Arrangements, Post Net and a number of Office and Retail suites. CVS Pharmacy, which is publicly traded on the NYSE under the ticker symbol “CVS”, reported annual revenues in excess of $292 billion in 2022 and a Market Cap of $136.3 billion as of December 2022.
