115 S Piney Rd
Chester, MD 21619

The subject property is an 11,970 square foot CVS located in Chester, Maryland with a drive-thru and MinuteClinic. CVS signed a 25 year lease which commenced in 2006, leaving over 13 years remaining on the tenant's initial lease term. The lease is absolute net providing for zero landlord responsibilities. CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB credit rating by Standard & Poor’s and reported annual revenues in excess of $184 billion in 2017. Located at the intersection of Route 50 and South Piney Road, the subject property is positioned along the area’s main traffic corridor connecting Kent Island to the greater Washington, D.C. and Baltimore MSAs with daily traffic counts in excess of 66,400 vehicles. The site is directly in front of the Barnstable Town Center development, an 85 acre proposed mixed use development consisting of 285,000 square feet of grocery-anchored retail and 580 residential units. The subject property is adjacent to the recently developed Red Apple Town Center, a 200,000 square foot mixed use project consisting of retail, office and 100 residential units. CVS is also positioned directly across Route 50 from Gibson’s Grant, a 290 unit master-planned waterfront community. Other retailers in the immediate area include Safeway, Starbucks, Chick-fil-A, Big Lots, Dollar Tree, PNC Bank, McDonald’s, AT&T, West Marine and a number of others. This affluent community boasts an average household income in excess of $111,000.