CVS Cary,NC/Cary

Offering Summary


Property Address

3581 Davis Drive Cary, NC 27519

Property Type

Absolute NNN

Buliding size

13,660± SF

Land Acreage




Cap Rate


Current NOI



Lease Term

15 years

Lease Expiration



  • Built in 2006 - 25 Year Base term with 15 Years Remaining with 10 Five (5) Year Options - Absolute NNN Zero LL responsibilities - Investment Grade Tenant - 3 Year Rent Holiday - Buyer to receive at closing Full Credit in the amount of $1,027,491
  • CVS Health Corp together with its subsidiaries is one of the largest pharmacy health care providers in the United States - CVS is unique among the big retail drugstore chains in that it operates its own pharmacy benefit management, and is thus, an integrated pharmacy health care provider
  • Cary is the seventh largest municipality in North Carolina. Cary is in Wake and Chatham counties in the U.S. state of North Carolina. Located almost entirely in Wake County, it is the second largest municipality in that county and the third largest municipality in The Triangle after Raleigh and Durham. Cary is currently the second most populous incorporated town (behind only Gilbert, Arizona) in the United States.