206 S Main Street

Investment Overview

PROPERTY HIGHLIGHTS Lee & Associates and Bang Realty are pleased to present for sale a single-tenant CVS Pharmacy located at 206 S Main Street in Hemingway, South Carolina, within the Florence MSA. The property consists of an approximately 11,475 square foot retail building situated on 1.33 acres and is offered fee simple. Originally built in 1985 and renovated in 1996, the asset is 100% leased to CVS Health Corporation, an investment grade tenant (S&P: BBB). CVS Health is the largest pharmacy operator in the United States, with over 9,000 locations nationwide and a strong corporate guarantee supporting the lease. The tenant has operated at this location since 1996, demonstrating long-term commitment to the site. The current lease extends through November 2032 and includes three five-year renewal options with 5% rental increases. The below-market rent of approximately $8.28 per square foot provides a favorable occupancy cost for the tenant, supporting long-term stability and making the asset attractive from a replaceability standpoint. ***CONTACT LISTING BROKERS FOR MORE INFORMATION***