CVS. 625 West Clinton Street, Ithaca, NY 14850

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1 subject property Exclusive Offering Phone: Fax: CVS 625 West Clinton Street, Ithaca, NY Price: $4,313,000 NOI: $276,031 CAP: 6.40% CVS Corporate Guarantee NYSE: CVS S&P: BBB+ Investment Grade Situated on a major retail corridor near Wegmans, Wal-Mart, Lowe s & Kmart Located in a college town with large student population Less than 2 miles from Ithaca college & 3 miles from Cornell University Just off S Meadow St. (NY-13) which is a highly traveled road Ithaca is approximately 225 miles north of New York City Subject Property

2 Whisper CVS Valley Ranch Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a free-standing CVS with drive thru located in Ithaca, NY. The building is 10,125 sf, situated on acres. The property is located just off S Meadow St. / NY-13 which is the main retail corridor in Ithaca. Within 1.5 miles of the CVS (on NY-13) are the following tenants: Wegman s, Tops supermarket, Kmart, Lowe s, Walmart Supercenter, Michaels, Home Depot, Kohl s and various auto dealerships. Ithaca is home to four colleges including Ithaca College as well as Cornell University. Both schools have a combined 30,000 +/- students and staff. Ithaca College and Cornell are less than 2 miles and 3 miles from the CVS, respectively. LOCATION OVERVIEW: The city of Ithaca is located in central New York and is the county seat of Tompkins County, as well as the largest community in the Ithaca-Tompkins County metropolitan area (which also contains the separate municipalities of the town of Ithaca, the village of Cayuga Heights, the village of Lansing and other towns and villages in Tompkins County). The city of Ithaca sits on the southern shore of Cayuga Lake, in Central New York. It is named for the Greek island of Ithaca. INVESTMENT SUMMARY Price: $4,313,000 CAP Rate: 6.40% NOI: $276,031 Bld. Sq Ft: 10,125 sf Land Size: acres Ithaca is home to Cornell University, an Ivy League school of over 20,000 students, most of whom study on Cornell s Ithaca campus. Ithaca College is located just south of the city in the town of Ithaca, adding to Ithaca s "college town" focus and atmosphere. Nearby is Tompkins Cortland Community College. In 2010, the city's population was 30,014, and the metropolitan area had a population of 101,564. Ithaca is located approximately 225 miles from New York City and 50 miles from Binghamton and Syracuse. Lease Type: Options: NN Lease Four (5) Year Options LEASE SUMMARY: Lease Commencement: April 30 th, 2001 Lease Expiration: January 31 st, 2022 Current Rent: $276,031 Escalations: None remaining in base term Options: 4 (5) year renewals: 1)$279,450; 2)$287,833; 3)$296,468; 4)$305,362 Lease Type: NN Lease Landlord is responsible for the roof, structure and parking lot. Tenant is responsible for all other repairs and replacements to the leased premises including HVAC. Landlord is specifically responsible for maintaining all aspects of the parking lot, including lights, landscaping, repairing, repaving, resurfacing, restriping, snow removal, sidewalks, and directional markers. The cost is reimbursed by Tenant excluding repaving and replacement, which is reimbursed by Tenant on an amortized basis over the useful life of the repaved or replaced parking lot. All of Tenant s reimbursements to Landlord are subject to a 10% Admin Fee. Landlord also pays taxes and is reimbursed by Tenant. *Current rent is $260,406; seller will credit buyer the difference in rent. TENANT OVERVIEW: CVS (NYSE: CVS S&P: BBB+): Investment Grade CVS provides pharmacy health care services in the US. CVS Health operates over 7,700 CVS Pharmacy and Longs Drugs stores a pharmacy benefit manager, mail order and specialty pharmacies, a retail-based health clinic subsidiary, MinuteClinic; and an online pharmacy, CVS.com. CVS Health is chartered in Delaware, and is headquartered in Woonsocket, Rhode Island, where its four business units are also headquartered. The company has an S&P rating of BBB+ which is investment grade. INVESTMENT OVERVIEW

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9 Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2019 Projection 48,456 62,497 88, Estimate 47,279 60,991 86, Census 46,246 59,708 84,553 Growth % 2.47% 2.49% Growth % 2.15% 2.21% 2014 Population Hispanic Origin 3,090 3,652 4, Population by Race: White 34,932 45,670 69,169 Black 2,843 3,488 4,078 Am. Indian & Alaskan Asian 7,465 9,308 9,821 Hawaiian & Pacific Island Other 1,776 2,196 2,865 Households: 2019 Projection 16,963 23,144 33, Estimate 16,457 22,483 32, Census 15,927 21,851 32,143 Growth % 2.94% 2.86% Growth % 0.99% 0.60% Owner Occupied 5,846 8,963 16,627 Renter Occupied 10,611 13,520 16, Avg Household Income $64,047 $70,656 $74, Med Household Income $37,890 $45,493 $49, Households by Household Inc: <$25,000 6,264 7,390 9,188 $25,000 - $50,000 3,599 4,958 7,601 $50,000 - $75,000 2,166 3,363 5,516 $75,000 - $100,000 1,236 1,821 2,851 $100,000 - $125, ,359 2,317 $125,000 - $150, ,161 1,867 $150,000 - $200, ,297 $200, ,533 2,357 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Phone: (212) Fax: (212) Our Team Daniel de Sa Director of Sales dan@exp1031.com Robert P. James President DEMOGRAPHIC DATA