Retail
The tenant recently extended the base term of this NN lease by 20 years, which includes a corporate guarantee and multiple options to renew. The annual rent increases by 20 percent in the first option period, and increases an additional three percent in each of the remaining options to renew.
This CVS site sits at a signalized intersection near a growing retail corridor with connections to major highways, including Interstates 95 and 495.
Lexington Park is an affluent area in Maryland with a prominent military presence that provides a $3 billion impact to the local economy annually.