400 Riverside Dr - Drug Store FOR SALE


Bassett, VA 24055
$2,420,000 USD
864-235-6855
400 Riverside Dr, Bassett, VA for Sale
$2,420,000 USD
Drug Store - FOR SALE
1/7
null | 6.15% Cap Rate

400 Riverside Dr
Bassett, VA 24055


OVERVIEW

Absolute NNN Lease: Absolute net lease provides an investment opportunity with ZERO landlord responsibilities attached. Lease Term: With ±15 years remaining on the lease, and an additional 40 years in option periods, this property provides long term investment security potential. Established Retail Pharmaceutical Provider: CVS currently operates over 9,000 retail locations throughout the United States, boasting 2024 revenues of over $372 billion. Strategic Location: Located ±1,000 feet from the Stanleytown Health & Rehabilitation center (120 beds) and ±0.5 miles from Bassett High School, this CVS is centrally located to serve all of Basset’s pharmaceutical needs. Strong Foot Traffic: The property benefits from approximately 259,000 annual visitors (Placer.ai, 2024), providing exceptional customer exposure and consistent in-store engagement.

FOR SALE DETAILS

PRICE

$2,420,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

B-1 (Commercial District)

APN/PARCEL ID

154220003

ASK ABOUT THIS PROPERTY

Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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