13600 US Highway 29
Chatham, VA 24531

The subject property is an 11,945 square foot CVS located in Chatham, Virginia. CVS has shown long term commitment to the site having executed a new 20 year firm lease term which runs through 2039. The lease is structured with five percent rent increases between each of the four 5-year renewal options. 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 $209 billion in 2019. Located at the intersection of US Highway 29 and Fairview Road, the subject property is positioned directly across from Tight Squeeze Plaza, a 106,000 square foot retail center anchored by Food Lion, Roses and Dollar General. Other national retailers in the area include McDonald’s, Advance Auto Parts, BB&T, Verizon and more. CVS features excellent exposure along US Highway 29 which boasts daily traffic counts in excess of 17,600 vehicles.