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CVS Great Falls, MT 2001 10th Ave S
14,997 SF Retail Building Great Falls, MT 59405 $8,005,013 ($534/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Directly Across from University Square: 169,000 square foot retail center anchored by Target and Albertson’s
- Situated Across from the University of Providence: Private liberal arts college home to approximately 1,100 students
- Densely Populated Area: Over 51,000 residents within a 3-mile radius and over 69,100 residents within a 5-mile radius
- Positioned Three Blocks from Benefits Health System: 478-bed regional hospital
- Excellent Exposure and Accessibility Along Area’s Main Traffic and Retail Corridor: Combined daily traffic counts exceed 45,000 vehicles
- Corporate Backed Long-Term Lease: CVS signed a 25-year lease with approximately 12 years remaining on the initial lease term
EXECUTIVE SUMMARY
The lease is absolute NNN 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 $322 billion in 2022.
Located at the signalized intersection of 10th Avenue South and 20th Street South, the subject property features excellent exposure and accessibility along the area’s main traffic and retail corridor. Combined daily traffic counts exceed 45,000 vehicles. CVS is ideally positioned directly across from the University of Providence, a private liberal arts university home to approximately 1,000 students. Additionally, the property is across from University Square, a 169,000-square-foot retail center anchored by Target and Albertsons.
The immediate area is densely populated with health services and anchored by Benefits Health System; a 478-bed regional hospital located approximately three blocks east of the subject property. Great Falls Clinic Hospital, a 19-bed facility that recently underwent a $58 million expansion last year, is also positioned less than a mile from CVS.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,997 SF
- $3.43
- Triple Net
- Jan 2035
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,997 SF | $3.43 | Triple Net | Jan 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-3016-07-4-01-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,546,800 |
PROPERTY TAXES
Presented by
CVS Great Falls, MT | 2001 10th Ave S
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