3739 Nash St NW - Drug Store FOR SALE
Wilson, NC 27896 |
$1,621,000 USD
949-777-5984
3739 Nash St NW
Wilson, NC 27896
HIGHLIGHTS
- Absolute NNN Lease: CVS ground lease investment in Wilson, North Carolina, offering passive ownership through an absolute NNN lease structure.
- Below-Market Rent: Below-market annual rent of $85,085 ($8.40 PSF) may provide favorable basis positioning relative to replacement cost.
- Contractual Rent Growth: Lease includes favorable rental increases every five years, supporting contractual income growth over the hold period.
- Accessible Price Point: Offered at a sub-$2 million price point, presenting an accessible entry point for private investors.
- Substantial Land Component: Situated on a 1.86-acre parcel.
- Retail Synergy: Property benefits from location directly across the street from Food Lion Center.
FOR SALE DETAILS
PRICE
$1,621,000 USD
PRICE/SF
$160 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
1.86 AC
LAND SF
81,022 SF
ZONING
GC
APN/PARCEL ID
3713-46-1747.000
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949-777-5984
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949-777-5984
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