CVS Pharmacy Absolute Net
2402 Grand Avenue Billings, MT 59101
2402 Grand Avenue, Billings, MT, 59101
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For Sale
Contact for pricing
CVS Pharmacy for sale with a 25-year absolute net lease structure and corporate credit support.
Days on Market103
Property Features for 2402 Grand Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Cushman & Wakefield - San Diego, California
Listed by
Brandon Price · License #CA 01822998
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 4:44AM Checked: Jul 21 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The property is a CVS Pharmacy in Billings, Montana, operated under a 25-year lease that commenced in December 2009, with approximately 18 years remaining on the initial term. The lease is described as an absolute net structure with zero landlord responsibilities. CVS is publicly traded on the New York Stock Exchange under the ticker “CVS” and is reported with a BBB+ credit rating by Standard & Poor’s.
The site is located at a signalized intersection of Grand Avenue and North 24th Street West along two main traffic and retail corridors. The property sits just north of Rimrock Mall, a 650,000-square-foot regional mall anchored by Dillard’s, Herberger’s, JC Penney, and Wynnsong Cinemas. Nearby retailers mentioned include Target, TJ Maxx, Lowes, and Home Depot.
This is a corporate-backed retail pharmacy offering positioned on a hard-corner, signalized location with drive-thru, within a densely populated area described as having more than 96,000 residents within a five-mile radius.
The site is located at a signalized intersection of Grand Avenue and North 24th Street West along two main traffic and retail corridors. The property sits just north of Rimrock Mall, a 650,000-square-foot regional mall anchored by Dillard’s, Herberger’s, JC Penney, and Wynnsong Cinemas. Nearby retailers mentioned include Target, TJ Maxx, Lowes, and Home Depot.
This is a corporate-backed retail pharmacy offering positioned on a hard-corner, signalized location with drive-thru, within a densely populated area described as having more than 96,000 residents within a five-mile radius.
Key Highlights
- CVS Pharmacy on a 25‑year absolute net lease commenced in December 2009 with ~18 years remaining on the initial term
- Absolute net lease provides zero landlord responsibilities
- Corporate tenant: CVS publicly traded on NYSE under ticker “CVS”
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Pharmacy
Pharmacy
Emergency Plumbing
Plumbing Service
LibertyX Bitcoin ATM
Atm
Redbox
Cinema
CVS Photo
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Juro's Pharmacy Health and Wellness — 2043 Grand Ave, Billings, MT 59102
- Juro's United Drugs — 2043 grand ave, billings, mt 59102
- Mary Hansen — 2402 Grand Ave, Billings, MT 591022623
- CVS Pharmacy — 2402 Grand Ave, Billings, MT 59102
FAQs
What type of property is this?
Drug store - CVS Pharmacy for sale with a 25-year absolute net lease structure and corporate credit support.
Where is this drug store located?
The property is located at 2402 Grand Avenue Billings, MT.
What are key features of this property?
This property features: CVS Pharmacy on a 25‑year absolute net lease commenced in December 2009 with ~18 years remaining on the initial term; Absolute net lease provides zero landlord responsibilities; Corporate tenant: CVS publicly traded on NYSE under ticker “CVS”
