Property Description
HMX Realty Advisors exclusively presents for sale a CVS HealthHUB, which combines the offerings of a traditional CVS Pharmacy/MinuteClinic with expanded clinic services including on-site nurse practitioners, physician assistants, licensed therapists, additional pharmacists, and a Care Concierge. The store which is 31,324 sf, is ideally suited to the CVS HealthHUB business.
There are 15 years remaining on the base term with a rare 10% rent escalation in the first option and 5% in the second option. The remaining three options are at fair market value which offers significant upside given the below market rent of $12.59 psf. CVS handles all property expenses directly, bypassing the landlord. CVS is pays for CAM, roof and structure, taxes, maintenance and insurance directly. The property is located across from Safeway and adjacent to Bel Air grocery, which is owned by Raley’s Supermarket.
