Cvs
$2,890,000
440 E Dixie Dr, Asheboro, NC 27203
For Sale
Retail
Free Standing
Active
Last Updated: 02/03/2025
5
Cap Rate
144,500.04
NOI
Details:
Cap Rate: 5%
NOI: $144,500.04
Building Size: 10,881 sqft
Lot Area: 1.51 acres
Occupancy: 100%
Year Built: 2004
Highlights:
- 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
Location
Gallery
