CVS Pharmacy Absolute Net
For Sale
Contact for pricing
2402 Grand Avenue, Billings, MT 59101
CVS Pharmacy for sale with a 25-year absolute net lease structure and corporate credit support.
Property SizeContact for details
Days on Market123
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
Changed: Aug 8
Last 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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Circle K
Shops & Services
11,888 visits/mo
0.4 miles
Holiday Station Store
Shops & Services
8,838 visits/mo
0.4 miles
Little Caesars Pizza
Dining
5,500 visits/mo
0.1 miles
City Brew Coffee
Dining
4,762 visits/mo
0.1 miles
H&R Block
Shops & Services
700 visits/mo
0.5 miles
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
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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
Frequently Asked Questions
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”
