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CVS Pharmacy 10701 Courthouse Rd

10,145 SF Retail Building Fredericksburg, VA 22407 £2,493,625 (£246/SF) 7.25% Net Initial Yield

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Investment Highlights

Corporate guaranteed, absolute NNN lease, zero landlord responsibilities; 24+ years of CVS tenancy at location
Signalized corner with 46,000+ VPD, adjacent to established retail centers
Just down the street from brand new 470,000+ SF Fredericksburg Health Care Center, which opens in March 2025

Rare, contracted rent increases in the initial and option periods
Washington, DC MSA, 62,000 population, AHHI of $113,000 within 3 miles

Executive Summary

This CVS Pharmacy in Greater Washington D.C. Metro Fredericksburg, VA features a corporate-guaranteed, absolute NNN lease with zero landlord responsibilities and rare contracted rent increases in both the initial and option periods.
Boasting over 24 years of CVS tenancy and a recent extension into the first option period, the site reflects a strong long-term commitment. Located at a signalized corner with 46,000+ VPD and just 1/4 mile west of Interstate 95, the property benefits from excellent visibility and proximity to established retail centers.

OM - CVS_Fredericksburg, VA