440 E Dixie Dr - Drug Store FOR SALE


Asheboro, NC 27203
$2,890,000 USD
248-702-0288
440 E Dixie Dr, Asheboro, NC for Sale
$2,890,000 USD
Drug Store - FOR SALE
1/5
null | 5% Cap Rate

440 E Dixie Dr
Asheboro, NC 27203


HIGHLIGHTS

  • Absolute "NNN" Net Lease - Zero Landlord Responsibilities
  • Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining
  • Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
  • Rare Low Price Point CVS
  • CVS Recently Executed 20 Year Lease Extension w/ (10) Five Year Option Periods
  • Long Term Occupancy - CVS Has Occupied Location Since 2004

OVERVIEW

Absolute "NNN" Net Lease - Zero Landlord Responsibilities Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period Attractive Rare Low Price Point CVS On Hard Corner CVS Recently Executed 20 Year Lease Extension w/(10) Five Year Option Periods Long Term Occupancy - CVS Has Occupied Location Since 2004 Prototype CVS Building w/ Drive-Thru Located At Hard Signalized Intersection CVS Health Inc. Investment Grade Credit - S&P Rate: BBB | Publicly Traded NYSE: CVS In 2021, CVS Health Was Ranked 4th on The Fortune 500 List & Over 9,900 Locations

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

B2A

APN/PARCEL ID

7750-96-2269

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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