Drug Store
CVS
31 W Main St, Radford, VA 24141
Listing Price: $2,000,000
Investment Overview
Absolute NNN ground lease structure with tenant responsible for taxes, insurance, CAM, roof, and structure. CVS is paying an Under Market Rent of $10.44/sf. This is below the current market rent of $22/sf.
CVS
Investment Highlights
- CVS has operated at this location since 2008 (17 years) under a 25- year NNN ground lease guaranteed by corporate, expiring January 2033 with six 5-year renewal options at 5% rent increases.
- Situated on 1.9 acres, this property features an 11,970 SF building with Drive Thru and nearly 70 parking spaces.
- Only pharmacy in the Radford MSA, serving 24,000+ residents with no direct competition. Positioned along Lee Highway (26K VPD) at the bridge entry, the site benefits from unmatched visibility.
- Located at a signalized intersection along West Main Street seeing over 18,000 vehicles daily, the property boasts excellent exposure and has multiple points of ingress and egress.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Financing By
Listing Price: $2,000,000
Investment Highlights
- CVS has operated at this location since 2008 (17 years) under a 25- year NNN ground lease guaranteed by corporate, expiring January 2033 with six 5-year renewal options at 5% rent increases.
- Situated on 1.9 acres, this property features an 11,970 SF building with Drive Thru and nearly 70 parking spaces.
- Only pharmacy in the Radford MSA, serving 24,000+ residents with no direct competition. Positioned along Lee Highway (26K VPD) at the bridge entry, the site benefits from unmatched visibility.
- Located at a signalized intersection along West Main Street seeing over 18,000 vehicles daily, the property boasts excellent exposure and has multiple points of ingress and egress.
Investment Overview
Absolute NNN ground lease structure with tenant responsible for taxes, insurance, CAM, roof, and structure. CVS is paying an Under Market Rent of $10.44/sf. This is below the current market rent of $22/sf.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Financing By
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