Cvs

$2,890,000

440 E Dixie Dr, Asheboro, NC 27203

For Sale

Retail Free Standing

Active

Last Updated: 02/03/2025

Cap Rate: 5%

NOI: $144,500.04

Building Size: 10,881 sqft

Lot Area: 1.51 acres

Occupancy: 100%

Year Built: 2004

Offered by

Encore Real Estate Investment Services

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Encore Real Estate Investment Services

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Absolute "NNN" Net Lease - Zero Landlord Responsibilities
Corporate CVS Guaranty w/ Over 14 Years of Firm Lease Term Remaining
Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
Attractive Rare Low Price Point CVS On Hard Corner
CVS Recently Executed 20 Year Lease Extension w/ (10) Five Year Option Periods
Long Term Occupancy - CVS Has Occupied Location Since 2004
Prototype CVS Building w/ Drive-Thru Located At Hard Signalized Intersection
CVS Health Inc. Investment Grade Credit - S&P Rate: BBB | Publicly Traded NYSE: CVS
In 2021, CVS Health Was Ranked 4th on The Fortune 500 List & Over 9,900 Locations