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Drug Store

CVS Pharmacy

13440 NC-210, Benson, NC 27504

Listing Price: $3,666,000

Cap Rate
5.75%
Tenant Name
North Carolina CVS Pharmacy, LLC
Years Remaining On Lease
14.0
Gross SF
15,582
Guarantor
Corporate Guarantee
Rentable SF
15,582
Price/Gross SF
$235.27
Lease Type
Absolute Net
Rent Per Square Feet
$13.53

Investment Overview

Marcus & Millichap is please to evaluated a single tenant CVS Pharmacy located in Benson NC, 20
miles south of Raleigh along I40. The lease is guaranteed by CVS Heath Corporation and has 14 years
remaining on term with eight 5-year options. The property consists of 2.87 acres and a 15,582
square foot building constructed in 2005. Ranked top 16% of CVS in North Carolina. Benson is
located in the Raleigh/Cary MSA approximately 22 miles south of Raleigh.

CVS is strategically positioned at 13440 NC Highway 210 in the McGee's Crossroads area of greater
Benson. The property occupies a highly visible location at or immediately adjacent to the
signalized intersection of NC Highway 210 and NC Highway 50, one of the principal commercial and
commuter intersections serving southern Johnston County and northern Harnett County. The property
bene?ts from proximity to Interstate 40 Exit 319, providing convenient regional access and exposure
to traf?c traveling between the Raleigh metropolitan area, Benson, Angier and surrounding
communities.

Investment Highlights

  • Absolute NNN with No Landlord responsibility
  • Corporate Guarantee
  • Long Term Lease with 14 Years Remaining on Term
  • Drive Thru Pharmacy - Easy Convenience for Customers
  • On Signalized Corner - High Visibility
  • Located in Raleigh MSA
  • Population Growth Estimated 2020-2030 22.7%
  • Five Mile Average Household Income of $117,410

Exclusively Listed By

Financing By

Drug Store

CVS Pharmacy

Listing Price: $3,666,000

Cap Rate
5.75%
Tenant Name
North Carolina CVS Pharmacy, LLC
Years Remaining On Lease
14.0
Gross SF
15,582
Guarantor
Corporate Guarantee
Rentable SF
15,582
Price/Gross SF
$235.27
Lease Type
Absolute Net
Rent Per Square Feet
$13.53

Investment Highlights

  • Absolute NNN with No Landlord responsibility
  • Corporate Guarantee
  • Long Term Lease with 14 Years Remaining on Term
  • Drive Thru Pharmacy - Easy Convenience for Customers
  • On Signalized Corner - High Visibility
  • Located in Raleigh MSA
  • Population Growth Estimated 2020-2030 22.7%
  • Five Mile Average Household Income of $117,410

Investment Overview

Marcus & Millichap is please to evaluated a single tenant CVS Pharmacy located in Benson NC, 20 miles south of Raleigh along I40. The lease is guaranteed by CVS Heath Corporation and has 14 years remaining on term with eight 5-year options. The property consists of 2.87 acres and a 15,582 square foot building constructed in 2005. Ranked top 16% of CVS in North Carolina. Benson is located in the Raleigh/Cary MSA approximately 22 miles south of Raleigh. CVS is strategically positioned at 13440 NC Highway 210 in the McGee's Crossroads area of greater Benson. The property occupies a highly visible location at or immediately adjacent to the signalized intersection of NC Highway 210 and NC Highway 50, one of the principal commercial and commuter intersections serving southern Johnston County and northern Harnett County. The property bene?ts from proximity to Interstate 40 Exit 319, providing convenient regional access and exposure to traf?c traveling between the Raleigh metropolitan area, Benson, Angier and surrounding communities.

Exclusively Listed By

Financing By

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