CVS Pharmacy STNL

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in net leased CVS/Pharmacy with Drive-Thru, located at 700 N Union Ave, Roswell, NM (the “Property”). Extended in 2019, subject to a 14 year lease extension expiring 10/31/2033, the Property comprises a +/- 3,851 SF building on a highly visible +/- 0.68-acre parcel, that is strategically positioned to be easy to access over 50,000 people within a five mile radius, along major traffic thoroughfare with national retailers nearby including Alberstons Market, Sonic Drive-in, Wendy’s, Starbucks, McDonald’s, Family Dollar, Dairy Queen, Dollar General, among others . The Property benefits from it’s highly visible location with a drive-thru, easy accessibility, and convenient location along a strong arterial, surrounded by commercial and residential in an area with more than twenty hotels, motels and RV parks, the tourism in the region is a known economic driver. Roswell is known to be “three hours from everywhere”, located approximately 200 miles from El Paso, TX, 200 miles South of Santa Fe, NM, and 200 miles East of Albuquerque, NM. The population within 5 miles of the subject is 50,349 people, the average household income within five miles of subject is $61,165 with over 18,700 households, in a growing region.