1379 N Frederick Pike - Drug Store FOR SALE


Winchester, VA 22603
$7,462,000 USD
949-547-2213
1379 N Frederick Pike, Winchester, VA for Sale
$7,462,000 USD
Drug Store - FOR SALE
1/13
null | 8.75% Cap Rate

1379 N Frederick Pike
Winchester, VA 22603


HIGHLIGHTS

  • 2.26 Acre Parcel Along North Frederick Pike (22,000 VPD) | Investment Grade Tenant (S&P: BBB) | Options to Extend
  • Strong Demographics in 5-Mile Trade Area | Affluent Trade Area
  • Offered Free & Clear or with CTL Zero Cash Flow Financing |Tax Advantages and Passive Equity Growth
  • Near Award Winning Valley Health Regional Hospital (495 Beds)
  • Strong National/Credit Tenants | Dense Retail Corridor | Multiple Nearby Apartment Complexes
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS (S&P: BBB) investment property located in Winchester, Virginia. The Tenant has approximately 9 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed, which also includes a paydown/readvance feature allowing 1031 exchange investors to pull cash out from the transaction. CVS Pharmacy is America’s leading retail pharmacy with over 9,000 locations across 49 states.

FOR SALE DETAILS

PRICE

$7,462,000 USD

PRICE/SF

$563 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

B2:

APN/PARCEL ID

53AA-5

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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