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INVESTMENT OFFERING

SAB Capital is pleased to present CVS in Kingstree, South Carolina, approximately 56 miles north of Charleston. CVS executed a new, 20-year lease in December of 2018, exhibiting strong commitment to site. The lease has an absolute triple net (NNN) structure, leaving all responsibilities to the tenant. CVS Health Corporation has guaranteed the lease, providing strong credit backing the investment as the company is rated “BBB” by Standard & Poor’s.

  • CVS in Kingstree, SC | 56 Miles North of Charleston
  • Tenant Signed a 20-Year Lease Extension in 2018 | Strong Commitment to Site
  • Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
  • Strong Corporate Guaranty From CVS Health Corp. | S&P: BBB
  • Corner Location on a Main Retail Corridor | 15,000+ Vehicles Per Day (VPD)
  • Below Market Rent | Tenant is Only Paying Less Than $10 Per Square Foot
  • National Retailers Located Nearby : McDonald’s, Burger King, Sonic, Pizza Hut, Hardee’s, Subway

Tenant Price Cap Rate Lease Type Square Feet Status
CVS $2,175,000 % Absolute Triple Net Closed

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