1595 Main St - Drug Store FOR SALE


Weaverville, CA 96093
$3,470,000 USD
949-903-3399
1595 Main St, Weaverville, CA for Sale
$3,470,000 USD
Drug Store - FOR SALE
1/6
null | 6.75% Cap Rate

1595 Main St
Weaverville, CA 96093


HIGHLIGHTS

  • Proven Long Term Corp. NN Lease by CVS (NYSE: CVS)- 27+ Yrs. at Center
  • Anchor Tenant of Trinity Plaza Grocery Anchored Shopping Center- Holiday Market
  • Best in Class- America’s Largest Pharmacy Chain in U.S.- Investment Grade Credit
  • Affluent Mountain Town outside Redding- Strong Local Demo’s- Little Competition
  • High Profile Signalized Corner along Main Retail Corridor-Busiest Intersection in Town
  • Large 2.38 Acre Site- Well Below Market Rents- Strong Sales & Intrinsics- Higher Yield

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to purchase a single-tenant CVS Pharmacy in Weaverville, CA. The net lease has 2.8 lease years remaining in their first option period with four additional 5-year option periods. Occupying this space for over 27 years, this location reports strong sales (over $11 million in 2023), well above the national average. The 22,965-SF endcap building on a large 2.38-acre parcel is part of the Trinity Plaza Shopping Center and is strategically located on the hard-corner, signalized intersection of Main Street and Lance Gulch Road. Nearby retailers include Holiday Market, Ace Hardware, Starbucks, Burger King, O’Reilly Auto Parts, NAPA Auto Parts & Dollar General. This is an excellent opportunity to acquire a recently-extended net-leased CVS in Northern California with a long-term operating history, strong sales, limited landlord responsibilities and a corporate guaranty.

FOR SALE DETAILS

PRICE

$3,470,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy | Proven Long Term Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

136

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,652 SF

ZONING

C

APN/PARCEL ID

024-500-065-000

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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