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Off Market
1/8

1803 S New Hope Rd
Gastonia, NC 28054


OVERVIEW

The 10,125 square foot building is located at the corner of a signalized intersection along New Home Road (18,000 VPD) and is a primary east-west thoroughfare. The property is in a retail corridor featuring Walmart Neighborhood Market, Bi-Lo, Publix, Walmart Supercenter, Sam’s Club, Lowe’s and Target. The property is also located in close proximity to Ashbrook High School (1,431 Students) which drive continual traffic to the corridor. There are approximately 100,000 people living within five miles of the property. Gastonia experienced a steady population growth, with a population increase between 2000 and 2010 of nearly 8.2%, according to the U.S. Census Bureau. The CVS lease has twenty years remaining on their lease and features five 5-year renewal option periods with 5% rental escalations in each option. CVS Pharmacy is the nation's largest drugstore chain and total prescription revenue and operates 9,800+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

10125

STORIES

1

YEAR BUILT

1998

SPRINKLERS

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PARKING SPACES

52

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

116020