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Drug Store

CVS Pharmacy

2400 Gum Branch Rd, Jacksonville, NC 28540

Listing Price: $6,515,000

Cap Rate
5.35%
Tenant Name
CVS
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,036
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.83

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Onslow County, North Carolina in the town of Jacksonville. The property consists of roughly 14,036 rentable square feet of building space on an estimated 1.75-acre parcel of land. The property features a convenient double drive-through lane to accommodate the large amount of traffic the site experiences. This is a very well-located drug store as it has excellent visibility on Gum Branch Road which experiences over 75k vehicles per day! The immediate area is filled with national retailors including Walmart, Target, Lowe’s and dozens of others. The area is expected to continue growing in terms of population and average household income due to the lower cost of living the area offers as well as the strong job market in North Carolina.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 12 Years of Term Remaining
  • Four-Way Signalized Intersection | 76K Cars Per Day Pass the Site
  • Located in Main Retail Corridor | Surrounded by National Tenants

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $6,515,000

Cap Rate
5.35%
Tenant Name
CVS
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,036
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.83

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 12 Years of Term Remaining
  • Four-Way Signalized Intersection | 76K Cars Per Day Pass the Site
  • Located in Main Retail Corridor | Surrounded by National Tenants

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Onslow County, North Carolina in the town of Jacksonville. The property consists of roughly 14,036 rentable square feet of building space on an estimated 1.75-acre parcel of land. The property features a convenient double drive-through lane to accommodate the large amount of traffic the site experiences. This is a very well-located drug store as it has excellent visibility on Gum Branch Road which experiences over 75k vehicles per day! The immediate area is filled with national retailors including Walmart, Target, Lowe’s and dozens of others. The area is expected to continue growing in terms of population and average household income due to the lower cost of living the area offers as well as the strong job market in North Carolina.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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