| Purchase Price | $5,950,000 |
|---|---|
| Annual Rental Income | $316,800 |
| Cap Rate | 5.32% |
| Lease Term | 16 Years |
| City | Nampa |
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CVS Pharmacy – Nampa, ID
This CVS Pharmacy property in Nampa, Idaho is backed by a long-term absolute triple-net (NNN) lease with CVS Health, one of the most financially secure and nationally recognized pharmacy retailers in the United States. The investment offers passive, dependable income from an essential service provider operating in one of the fastest-growing regions in the country.
Tenant Overview
CVS Pharmacy, a division of CVS Health (NYSE: CVS), operates more than 9,000 locations across the United States. As one of the most trusted names in healthcare and convenience retail, CVS provides a broad range of services including prescription medications, immunizations, health screenings, basic groceries, and personal care items. The company is expanding its presence in healthcare through walk-in clinics and in-store medical services, increasing long-term tenant durability and relevance.
Lease Structure
This property operates under an absolute NNN lease in which the tenant is fully responsible for all property-related expenses, including taxes, insurance, maintenance, and capital repairs. The lease provides investors with predictable, passive cash flow with no landlord responsibilities. CVS leases are typically long-term and include multiple renewal options, enhancing investment security and income continuity.
Nampa Market Overview
Nampa is the third-largest city in Idaho and part of the rapidly expanding Boise metropolitan area. With a population exceeding 110,000 and climbing, Nampa is a key residential and commercial center in the Treasure Valley. The city benefits from a robust mix of agriculture, education, logistics, and manufacturing employers, and continues to attract residents due to its affordability, lifestyle, and proximity to Boise.
Demographics & Growth Drivers
Nampa’s population has grown significantly in recent years, driven by regional in-migration and job creation. The city features a young, family-oriented demographic with increasing household incomes. Continued residential and commercial development has fueled strong demand for essential services, positioning CVS as a core retail and healthcare provider within the community.
Essential Retail Role
As a provider of both prescriptions and daily essentials, CVS serves a vital role in the local economy. The store supports repeat, necessity-based traffic from a broad cross-section of the community. Its location within a growing metropolitan region ensures consistent visibility, high utility, and long-term relevance.
Tenant Strength & Investment Appeal
CVS Health is a Fortune 500 company with investment-grade credit, strong operating margins, and national brand strength. Its healthcare integration strategy and consistent lease performance make it one of the most dependable tenants in the NNN market. The Nampa location benefits from excellent market fundamentals, making this a low-risk, income-focused investment.
Investment Highlights