CVS Pharmacy

Highlights

• Long Term 16.75 Year Lease backed by CVS Health Corp
• Investment Credit Guarantee Rated | S&P "BBB+"
• CVS is Ranked #11 on Fortune 500 List with Over $300 Billion in Revenue
• Absolute Net Lease | Zero Landlord Obligations
• Drive Thru Equipped Site Located at Main on Main Signalized Intersection
• Larger Footprint Building of 17,184 SQFT on 1.61 Acres
• This Location Carries a Liquor License Along with Pharmacy, Grocery, & Convenience General Items
• Strong Residential Infill Demos: Population Exceeds 129,128+ in 5 Miles
• Traffic Counts in Excess of 31,234+ Cars Daily on N Division St & Kimberly Rd
• Close Proximity to Genesis Medical Center (550 Bed Regional Hospital) & Select Medical Hospital (50 Bed Acute Care facility)
• Two Blocks from NorthPark Mall | 934,000 SF Regional Mall Anchored by Dillard’s and Von Maur

Description

Long Term 16.75 Year Lease backed by CVS Health Corp
Investment Credit Guarantee Rated | S&P "BBB+"
CVS is Ranked #11 on Fortune 500 List with Over $300 Billion in Revenue
Absolute Net Lease | Zero Landlord Obligations
Drive Thru Equipped Site Located at Main on Main Signalized Intersection
Larger Footprint Building of 17,184 SQFT on 1.61 Acres
This Location Carries a Liquor License Along with Pharmacy, Grocery, & Convenience General Items
Strong Residential Infill Demos: Population Exceeds 129,128+ in 5 Miles
Traffic Counts in Excess of 31,234+ Cars Daily on N Division St & Kimberly Rd
Close Proximity to Genesis Medical Center (550 Bed Regional Hospital) & Select Medical Hospital (50 Bed Acute Care facility)
Two Blocks from NorthPark Mall | 934,000 SF Regional Mall Anchored by Dillard’s and Von Maur

Davenport is Iowa’s third largest city, the county seat of Scott County and home to 102,448 people (2014). The Davenport-Rock Island-Moline (Quad Cities) metropolitan area has a population of 383,030. Davenport is the largest city of the Quad Cities, which includes adjacent Bettendorf to the East and Rock Island, Moline and East Moline on the other side of the Mississippi River. Located halfway between Des Moines and Chicago on the Mississippi River, Davenport was incorporated as a special charter city of the territory of Iowa in 1839 and named for Colonel George Davenport; a popular local figure whose home located in nearby Fort Armstrong (now Rock Island Arsenal) was host to early meetings establishing the city. Two years later the city became the Scott County seat. Davenport started as a river port and transportation hub. Its early industry reflected this with timber mills, planning mills, barrel factories, furniture factories, slaughter houses and breweries. In 1856, Davenport became home to the first Rail Road Bridge to cross the Mississippi River. By the 1890s Davenport had grown into a retail and commercial hub, with most of the largest banks in the state calling Davenport home. As Davenport entered the 20th century, the city’s downtown grew with multilevel office buildings and hotels. Also streetcar lines dotted the city. The city thrived through the 1930s and 1940s as a cultural hub with the cities of Rock Island and Moline, Illinois. During this time, the Tri-Cities were home to both NFL and NBA teams. During the later half of the 20th Century Davenport and the Quad Cities established itself as the Farm Implement Capital of the World with John Deere and other manufacturers calling the Quad Cities home. The local economy’s reliance on this type of manufacturing during the farm crisis of the 1980’s devastated the local economy. Today, Davenport is making a comeback by diversifying its economy into service and tourism. The Mississippi River is the city’s greatest asset and is playing a vital role in its comeback with riverboat casinos, recreation, and new downtown developments.

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