Drug Store
CVS
14566 Forest Rd, Forest, VA 24551
Listing Price: $2,980,000
Investment Overview
Marcus & Millichap is pleased to offer for sale, the fee simple interest in a CVS in Forest, VA. This single-story 13,495 SF free standing CVS was built in 2007 on a 2.80 AC lot with 75+ parking spaces. The property is located at 14566 Forest Road in Forest, Virginia, a suburb of Lynchburg: the 5th largest MSA in VA and home to Liberty University which enrolls over 135,000 students in its residential and online programs. The property is surrounded by major national tenants including Kroger, Walmart Neighborhood Market, McDonald’s, Tractor Supply, Ace Hardware, Taco Bell, Bojangles, O’Reilly Auto Parts, Dollar General, Dollar Tree, Subway, Domino’s, Papa Johns, Shell, Sheetz, and many more. The property benefits from its location near the intersection of Forest Rd (US 221) & Perrowville Rd (SR 663) which sees a combined average over 34,700 VPD.
CVS
Investment Highlights
- • Brand New Long Term Lease Extension
- • No Rent Holiday | 5% Rental Increases Built into Each of the Ten, 5-Year Option Periods
- • Very Affluent Community | Average Household Income Exceeds $127k in 1-Mile Radius and $117k in 3-Mile Radius
- • Strong Combined Average Traffic Counts of 34,700+ VPD (Forest Rd & Perrowville Rd)
- • Huge 2.80 Acre Lot with Double Drive Thru Surrounded by Every Major Retailer | Ample Parking - Over 75 Spaces
- • Surrounded by Major National Tenants including Kroger, Walmart Neighborhood Market, McDonald's, Tractor Supply, Ace Hardware, Taco Bell, Bojangles, O'Reilly Auto Parts, Dollar General, Dollar Tree, Subway, Domino's, Papa Johns, Shell, Sheetz, and many more
- • Located in Forest, VA, a Suburb of Lynchburg: the 5th Largest MSA in VA and Home to Liberty University which Enrolls over 135,000 Students in its Residential and Online Programs
- • Absolute NNN Lease | Zero Landlord Responsibilities
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Financing By
Listing Price: $2,980,000
Investment Highlights
- • Brand New Long Term Lease Extension
- • No Rent Holiday | 5% Rental Increases Built into Each of the Ten, 5-Year Option Periods
- • Very Affluent Community | Average Household Income Exceeds $127k in 1-Mile Radius and $117k in 3-Mile Radius
- • Strong Combined Average Traffic Counts of 34,700+ VPD (Forest Rd & Perrowville Rd)
- • Huge 2.80 Acre Lot with Double Drive Thru Surrounded by Every Major Retailer | Ample Parking - Over 75 Spaces
- • Surrounded by Major National Tenants including Kroger, Walmart Neighborhood Market, McDonald's, Tractor Supply, Ace Hardware, Taco Bell, Bojangles, O'Reilly Auto Parts, Dollar General, Dollar Tree, Subway, Domino's, Papa Johns, Shell, Sheetz, and many more
- • Located in Forest, VA, a Suburb of Lynchburg: the 5th Largest MSA in VA and Home to Liberty University which Enrolls over 135,000 Students in its Residential and Online Programs
- • Absolute NNN Lease | Zero Landlord Responsibilities
Investment Overview
Marcus & Millichap is pleased to offer for sale, the fee simple interest in a CVS in Forest, VA. This single-story 13,495 SF free standing CVS was built in 2007 on a 2.80 AC lot with 75+ parking spaces. The property is located at 14566 Forest Road in Forest, Virginia, a suburb of Lynchburg: the 5th largest MSA in VA and home to Liberty University which enrolls over 135,000 students in its residential and online programs. The property is surrounded by major national tenants including Kroger, Walmart Neighborhood Market, McDonald’s, Tractor Supply, Ace Hardware, Taco Bell, Bojangles, O’Reilly Auto Parts, Dollar General, Dollar Tree, Subway, Domino’s, Papa Johns, Shell, Sheetz, and many more. The property benefits from its location near the intersection of Forest Rd (US 221) & Perrowville Rd (SR 663) which sees a combined average over 34,700 VPD.
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Financing By
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