CVS | Corp NNN | DriveThru
10,185 SF | Retail Building | Richmond, VA 23234 | $2,722,000 ($267/SF) | 9% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,722,000
- Property Type
-
Retail
- Square Feet
- 10,185 SF
- Price / Square Foot
- $267
Listing Contacts
Joseph Simon
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, drive-thru equipped, CVS Pharmacy investment property located in Richmond, VA. The tenant, CVS Prescription Center, Inc., recently exercised a 3-year extension with 2 additional option periods left to extend, demonstrating their commitment to the site. The lease is guaranteed by CVS Corporation (S&P: BBB), and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 10,000 operating locations.
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Freestanding, Drug Store
- Lot Size (sq. ft)
- 83,635 SF
Highlights
- Newly Extended Lease | Corporate Guaranteed | NNN Leased | Investment Grade Tenant | Well-Known & Established Brand
- Signalized, Hard Corner Intersection | Centralized Location |Strong National/Credit Tenant Presence | Drive-Thru Equipped
- Direct Residential Consumer Base
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