7515 Williamson Rd - Storefront FOR SALE


Hollins, VA 24019
$2,549,000 USD
949-547-2213
7515 Williamson Rd, Hollins, VA for Sale
$2,549,000 USD
Storefront - FOR SALE
1/5
null | 8.5% Cap Rate

7515 Williamson Rd
Hollins, VA 24019


HIGHLIGHTS

  • Corporate Guaranteed Lease | 20+ Years of Operating History | Over 4 Years Remaining | Options to Extend
  • Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Hollins University (760 Students)
  • Signalized, Hard Corner Intersection | Centralized Location | Multiple Nearby Apartment Complexes | Direct Consumer Base
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, freestanding, CVS investment property located in Roanoke, Virginia. The tenant has been operating at the site for more than 20 years and has over 4 years of firm term remaining with 6 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS is America’s leading retail pharmacy with over 9,000 locations across 49 states.

FOR SALE DETAILS

PRICE

$2,549,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

CVS - Absolute NNN Leasehold

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

C2

APN/PARCEL ID

027.11-03-01

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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