Drug Store

CVS Pharmacy | Large 1.77 Acre Parcel | Stanleytown, VA

400 Riverside Drive, Stanleytown, VA 24055

Listing Price: $2,977,000

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
13,049
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.41

Investment Overview

PROMINENT 1.77-ACRE PARCEL – Positioned adjacent to Riverview Commons, 12,000 square-feet anchored by Subway and a medical practice, and a freestanding Family Dollar. The Property has three points of access and features a double drive-thru. It benefits from shared access points and aligning curb cuts with the neighboring strip center. LIMITED COMPETITION – CVS benefits from very limited competition in the submarket. The nearest CVS pharmacy is more than 3.5 miles southeast of the property, while there is a Walgreens 2.9 miles east. According to geofencing data from Placer.ai, this location is ranked 3rd in a 30-mile radius with more than 107.8 thousand visits in the last year.

Investment Highlights

  • LONG-TERM CORPORATE LEASE WITH INCREASES
  • LARGE 1.77-ACRE PARCEL
  • 5% INCREASES EVERY FIVE YEARS IN OPTIONS

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Drug Store

CVS Pharmacy | Large 1.77 Acre Parcel | Stanleytown, VA

Listing Price: $2,977,000

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
13,049
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.41

Investment Highlights

  • LONG-TERM CORPORATE LEASE WITH INCREASES
  • LARGE 1.77-ACRE PARCEL
  • 5% INCREASES EVERY FIVE YEARS IN OPTIONS

Investment Overview

PROMINENT 1.77-ACRE PARCEL – Positioned adjacent to Riverview Commons, 12,000 square-feet anchored by Subway and a medical practice, and a freestanding Family Dollar. The Property has three points of access and features a double drive-thru. It benefits from shared access points and aligning curb cuts with the neighboring strip center. LIMITED COMPETITION – CVS benefits from very limited competition in the submarket. The nearest CVS pharmacy is more than 3.5 miles southeast of the property, while there is a Walgreens 2.9 miles east. According to geofencing data from Placer.ai, this location is ranked 3rd in a 30-mile radius with more than 107.8 thousand visits in the last year.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

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