CVS | Low Future Vacancy Risk | Absolute NNN Lease

This high-performing asset, situated at 9151 Moffett Road, offers investors the security of an investment-grade tenant combined with a completely passive ownership structure.

Investment Summary & Financial Highlights

• Price: $1,435,000

• Cap Rate: 7.25%

• Net Operating Income (NOI): $104,000

• Lease Type: Absolute Triple-Net (NNN) – Zero Landlord Responsibilities

• Building Size (GLA): 10,260 SF

• Lot Size: 1.38 Acres

• Price Per Square Foot: $140

• Year Built: 1999

• Remaining Lease Term: Approximately 4.7 Years (Lease through Dec 2030)

• Status: Available

Strategic Asset Overview

Lee & Associates and Bang Realty are proud to present this 10,260-square-foot retail building offered as a fee-simple interest. The property is 100% leased to CVS Health Corporation, a dominant leader in the healthcare and retail pharmacy sector. As an investment-grade tenant (S&P: BBB), CVS provides a high level of credit security for the sophisticated investor.

The Absolute NNN lease structure is ideal for 1031 exchange buyers or out-of-state investors seeking a hands-off asset. With the tenant responsible for all taxes, insurance, and maintenance—including roof and structure—the owner enjoys a truly "mailbox money" investment.

Long-Term Stability & Market Strength

CVS Health is the nation's largest pharmacy operator, and this specific location has been a cornerstone of the community for over two decades. The tenant’s commitment to this site is evidenced by their long-term occupancy and a lease that extends through December 2030. Furthermore, the agreement includes multiple five-year renewal options featuring 5% rental increases, providing an excellent hedge against inflation.

One of the most attractive features of this offering is the below-market rent. This low rent-to-sales ratio significantly reduces future vacancy risk and ensures the long-term viability of the site, making it a defensive addition to any real estate portfolio.

Prime Real Estate Location & Demographics

The property is exceptionally positioned at a signalized hard corner on Moffett Road (US-98), the primary retail artery of Semmes, AL. This location boasts impressive visibility and ease of access for the more than 22,000 vehicles passing daily.

The surrounding retail landscape reinforces the strength of this corridor. The property sits directly across from a Walgreens and is adjacent to a newly developed Aldi, creating a synergistic retail hub that draws consistent consumer traffic. Located just 16 miles northwest of downtown Mobile, Semmes is a growing suburban enclave within the expanding Mobile MSA, benefiting from stable demographics and continued residential development.