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CVS Absolute NNN Property
For Sale
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9861 US-64, Arlington, TN 38002

CVS Health Corporation guarantees the lease, with tenant responsibility for property obligations under the absolute NNN structure.

Property SizeContact for details
Days on Market143

Property Features for 9861 US-64

General Information

Standard status Active
Property subtype Retail
Listing Agency: SAB Capital
Listed By: Michael Soleimani · License #NY 10401294940
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 8:39PM

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 SAB Capital

Investment Insights

Based on property information with market context.

The property is occupied by CVS under an absolute triple-net lease, placing property-related responsibilities with the tenant. CVS Health Corporation provides a lease guarantee and carries a BBB rating from Standard & Poor’s.

A replacement 20-year lease was executed in December 2018. The asset is located at 9861 US-64 in Arlington, Tennessee, approximately 17 miles northeast of downtown Memphis.

Key Highlights

  • CVS occupies the property under an absolute triple‑net lease
  • CVS Health Corporation guarantees the lease
  • 20‑year lease executed in December 2018

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

325
Businesses Nearby
111k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Shops & Services 37% Hotels & Casinos 7% Electronics 1%
Texas Roadhouse Dining
32,708 visits/mo 0.5 miles
Circle K Shops & Services
13,638 visits/mo 0.5 miles
Shell Shops & Services
12,259 visits/mo 0.4 miles
Hooters Dining
9,404 visits/mo 0.4 miles
Marathon Shops & Services
7,618 visits/mo 0.4 miles

Demographics for 38002, TN

44,385
Population
15,448
Households
2.9
Avg Household Size
38
Median Age
47%
College-Educated
97%
High-School Grad
116.3 sq mi
ZIP Area
382
Density / Sq Mi
$115,478
Median Household Income
$56,917
Median Earnings
$1,695
Median Rent
$363,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - CVS Health Corporation guarantees the lease, with tenant responsibility for property obligations under the absolute NNN structure.
Where is this nnn property located?
The property is located at 9861 US-64 Arlington, TN.
What are key features of this property?
This property features: CVS occupies the property under an absolute triple‑net lease; CVS Health Corporation guarantees the lease; 20‑year lease executed in December 2018
More about this property
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