803 Main St - Drug Store FOR SALE
Lillington, NC 27546 |
803 Main St
Lillington, NC 27546
HIGHLIGHTS
- STABLE INCOME - Income guaranteed by CVS Corporation with over 9,900 locations.
- ABSOLUTE NET LEASE WITH NEW 15YR LEASE - CVS has agreed to a new absolute net 15-yr lease with 10 (5-year) options to extend.
- 5% RENTAL INCREASES EVERY 5 YRS IN THE OPTIONS - The CVS lease allows for rental increases of 5% every five years during the options.
- ONLY NATIONAL BRAND DRUGSTORE IN LILLINGTON - This CVS is the only national brand drugstore in Lillington, nearest CVS or Walgreens are 12 mi SE.
- JUST 2 MIS FROM CENTRAL HARNETT HOSPITAL - Central Harnett Hospital is a 44-bed hospital with 24-hr emergency services serving ±28K patients annually.
- CENTRALLY LOCATED BETWEEN FAYETTEVILLE & RALEIGH - Located along Hwy 210 midway from Fayetteville to Raleigh with ±28,500 VPD passing this CVS.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
CVS Lillington NC $1.9M 5% CAP 15 Yrs NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
10125
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
10055906160009
