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.