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CVS 1260-1270 Union St

11,999 SF Retail Building Concord, NC 28025 £1,997,025 (£166/SF) 9.62% Net Initial Yield

Investment Highlights

  • Exceptional Location – Located on the signalized corner of U.S Highway 601 and Union St which captures over ±29,600 Vehicles Per Day.
  • Zero Cash Flow – A zero cash flow investment allows an individual to essentially shelter income.
  • Ideal Demographics – This CVS Pharmacy is situated in an affluent area with the average household income exceeding $103,410 within a 3-mile radius.
  • Strong Location – This store is ranked within the top 9% in the state of North Carolina and top 20% in the nation
  • Investment Grade Credit Tenant – Investment Grade Rating by the S&P 500. Lease is guaranteed by CVS Health Corp.
  • Zero Landlord Responsibilities – Zero landlord responsibilities providing a passive investment.

Executive Summary

Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,999 SF
Building Class
B
Year Built
2010
Price
£1,997,025
Price Per SF
£166
Net Initial Yield
9.62%
NOI
£192,057
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
2.55 AC

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

Links

1 of 1

Nearby Major Retailers

Food Lion
Waffle House
Fifth Third Bank

PROPERTY TAXES

Parcel Number 5539-75-4974-0000 Improvements Assessment £1,897,124
Land Assessment £1,368,096 Total Assessment £3,265,220

PROPERTY TAXES

Parcel Number
5539-75-4974-0000
Land Assessment
£1,368,096
Improvements Assessment
£1,897,124
Total Assessment
£3,265,220
(214) 295-5743

Contacts

  • Listing ID: 34216975

  • Date on Market: 16/12/2024

  • Last Updated:

  • Address: 1260-1270 Union St, Concord, NC 28025

The Retail Property at 1260-1270 Union St, Concord, NC 28025 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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(214) 295-5743

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