5712 Castle Hayne Rd - Drug Store FOR SALE
Castle Hayne, NC 28429 |
$3,325,000 USD
310-793-6069
5712 Castle Hayne Rd
Castle Hayne, NC 28429
HIGHLIGHTS
- Long term absolute NNN lease with 13.5+ years remaining and no rent holiday.
- Corporate guarantee from investment grade tenant (BBB).
- Consistent, strong population growth surrounding the property and the entire Wilmington MSA.
- Located on a signalized intersection with 18,280 VPD.
- Directly across from CVS, Circle K recently expanded their building and signed a new 15-year lease
OVERVIEW
Transwestern is pleased to exclusively offer for sale a single tenant CVS Pharmacy in Castle Hayne, NC. CVS signed a rare, 20-year extension in 2019 on their absolute NNN lease, with no rent holiday. The property sits on 2.20 acers and is located at a signalized intersection with strong traffic counts. The immediate area is experiencing a significant population boom, with thousands of residential units currently proposed for development. CVS is the only pharmacy within a five-mile radius and will capitalize on the population increase. CVS had a record revenue year in 2025, generation $402.1 billion, up 7.8% compared to 2024. CVS is #6 on the Fortune 500 with strong earnings and solid guidance.
Broker of Record
Bradley Fulkerson
NC Lic #281422
FOR SALE DETAILS
PRICE
$3,325,000 USD
PRICE/SF
$276 USD /SF
CAP RATE
5.87%
% 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
2007
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
2.2 AC
LAND SF
95,832 SF
ZONING
B-2
APN/PARCEL ID
R01113-005-005-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
310-793-6069
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
310-793-6069
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
