Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this single-tenant net lease CVS pharmacy located in Floyd, Virginia. Floyd is located 21 miles southeast of Christiansburg, Virginia and is part of the Blacksburg – Christiansburg MSA. The property is located one-half-mile from where Route 8 and Route 221 (E Main St) intersect. Other national and regional tenants in the area include Food Lion, Subway, Dollar General, Hardee’s and Atlantic Union Bank. CVS recently executed an early 10-year lease extension with six, three-year option terms with rental increases showing its commitment to this location. The lease features five percent (5%) rental increases in each option period and requires minimal landlord responsibilities. This is an established pharmacy location that CVS took over in 2017, with the next closest CVS 20 miles away.