Investment Overview

Marcus & Millichap are pleased to offer for sale, the fee simple interest in a dark CVS in Greensboro, NC. This dark CVS is located at 1615 Spring Garden Street in Greensboro, North Carolina. While CVS is set to cease operations at this location by October 2024, they remain responsible for all lease obligations until lease expiration. The property consists of a single-story 10,908 SF free standing structure that was built in 1950 on a 0.98 AC lot with 60+ parking spaces. The property is less than 2 miles from Downtown Greensboro with major national tenants in the area including Wendy’s, Chipotle, Sonic, Burger King, Pizza Hut, Shell, Circle K, Sheetz, and many more. The property is walking distance from the University of North Carolina Greensboro which enrolls over 20,000 students, and is also situated on Spring Garden St which runs east-west through the central part of campus. The property benefits from its location near the intersection of Spring Garden St & S Josephine Boyd St which sees a combined average over 33,300 VPD. The subject property is located approximately 2 miles from I-40 (117,900+ VPD) which is the third-longest Interstate Highway that runs from California at Barstow to North Carolina at Wilmington.