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CVS Drug Store

Property Overview

Price/Rent PSF $ 2,246,736.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 10,752
Date Available 03/25/2019
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Description

Ideal location at the signalized, hard corner of John C. Calhoun Drive and Stonewall Jackson Street. The property is directly across the street from Edisto Village, a Bi Lo grocery anchored center and and is within the area's preeminent 3 mile retail and commercial corridor having more than 4.2 million square feet of retail, 3.4 million square feet of industrial and 921,000 square feet of office. The property is also approximately 1.5 miles from South Carolina State University, an historic university with approximately 4,900 students and over 550 faculty members and Claflin University, a private institution of approximately 2000 students.. SaleExcellent opportunity to purchase a well located CVS Pharmacy Drug Store with a proven location with a historical increasing sales history. Sales average over $6,600,000 annually. Established in this location since 1977, the original lease with Rite Aid of South Carolina was assumed by South Carolina Pharmacy LLC, a wholly owned subsidiary of CVS Caremark Corporation that operates all of CVS's stores in South Carolina. CVS Health Corp. has recently completed its nearly $70 billion dollar acquisition of Aetna, Inc. in a deal that brings together the nation's largest drugstore chain and pharmacy benefit managers with the 3rd. largest health insurer in the US.

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