13000 Warwick Blvd - Drug Store FOR SALE
Newport News, VA 23602 |
13000 Warwick Blvd
Newport News, VA 23602
HIGHLIGHTS
- Top Performing Store Per Placer.AI: This store ranks in the top 12% of the United States and is in the top 9% of stores in the state of Virginia
- Long Lease Term: ±11.5 years remaining on the original lease ending in August 2034, with Ten (10), Five (5) year options.
- This site offers its landlord attractive 3% increases every five years to provide a hedge against inflation
- CVS offers a Corporate Guaranty with an Investment Grade BBB credit rating by Standard & Poor’s and a market cap of ±$98B.
- Bondable-like Lease: This property operates under an absolute NNN lease, providing extremely passive ownership to investors.
- There are more than 157,729 people in a 5-mile radius with an average household income of $82,680 in a 5-mile radius
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
13225
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
160.00-01-01
