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INVESTMENT OFFERING

SAB Capital is pleased to present CVS in Detroit, Michigan, the largest city in the state of Michigan and the second largest metropolitan area in the Midwest United States. CVS executed a new, 15-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 Detroit, MI | Most Populous City in the State of Michigan
  • Tenant Signed a 15-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 With Two Points of Ingress/Egress Just Off of Interstate 96 | 20,000+ Vehicles Per Day (VPD) on Grand River Ave
  • Below Market Rent | Tenant is Only Paying Less Than $10 Per Square Foot
  • Core Market Fundamentals | 10-Mile Population: 1,278,000+
  • National Retailers Located Nearby : McDonald’s, Mobil, Sunoco, Little Caesar’s, Dollar General, Boost Mobile

Tenant Price Cap Rate Lease Type Square Feet Status
CVS $1,961,281 5.15% Triple Net 10,842 Available

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