10012 Weiss Way - Drug Store FOR SALE


Waxhaw, NC 28173
$5,270,571 USD
310-435-9106
10012 Weiss Way, Waxhaw, NC for Sale
$5,270,571 USD
Drug Store - FOR SALE
1/5
null | 7% Cap Rate

10012 Weiss Way
Waxhaw, NC 28173


HIGHLIGHTS

  • Affluent Charlotte Suburb: Waxhaw is an upscale residential community located ~30 minutes south of Charlotte, part of the fast-growing Union County
  • High-Income Demographics: Median household income exceeds $235,000 within a 1-mile radius
  • Explosive Population Growth: Waxhaw has experienced significant population increases over the past decade due to suburban migration
  • Desirable Quality of Life: Known for its excellent schools, historic downtown, and proximity to nature trails and green space
  • Retail Demand Drivers: Strong daytime population supported by a mix of residential density, local employers, and proximity to Charlotte’s metro
  • Limited Retail Competition: Low retail vacancy and limited new retail development in the immediate area contribute to long-term tenant success

OVERVIEW

This exclusively listed CVS Pharmacy, located at 10012 Weiss Avenue, Waxhaw, North Carolina, is offered on a fee simple basis and secured by an absolute NNN lease, ensuring zero landlord responsibilities and delivering a truly passive income stream. The store has demonstrated strong performance, with an 8.3% increase in business over the past three years and ranks in the top third of CVS locations nationally and locally, and in the top 25% statewide, according to data from Placer.ai. The lease includes nearly six years remaining on the original term, followed by four (4) five-year renewal options, each with scheduled rent increases, offering long-term income stability and growth potential. The property sits on a signalized hard corner with daily traffic counts of approximately 24,000 vehicles, and is located in an affluent area with a median household income of $202,000 within a one-mile radius. The tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, with the exception of roof and structure, further reinforcing the passive nature of this investment.

FOR SALE DETAILS

PRICE

$5,270,571 USD

PRICE/SF

$407 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,750 SF

ZONING

B2

APN/PARCEL ID

06-201-008-D

ASK ABOUT THIS PROPERTY

Daniel CorcoranCorcoran Group of CaliforniaMore Info
310-435-9106

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Daniel CorcoranCorcoran Group of CaliforniaMore Info
310-435-9106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.