CVS Pharmacy – Granby
70 W State St, Granby, MA
This ground-lease is home to a CVS Pharmacy at the signalized intersection of Rt. 202 & Pleasant Street with 15,000 passing cars daily. In 2012, CVS signed a 20-year ground lease showing a long-term commitment to the Granby market. The ground lease contains rare 5% bumps every 5 years during the initial term, and 10% bumps in the option years. Strong area demographics feature 65k people in a 5-mile radius with limited retail options.