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CVS Pharmacy 440 E Dixie Dr

9,553 SF Retail Building Asheboro, NC 27203 £2,403,289 (£252/SF) 4.75% Net Initial Yield

Investment Highlights

  • Absolute "NNN" Net Lease - Zero Landlord Responsibilities
  • Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
  • CVS Recently Executed 20 Year Lease Extension w/ (10) Five Year Option Periods
  • Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining
  • Rare Low Price Point CVS
  • Long Term Occupancy - CVS Has Occupied Location Since 2004

Executive Summary

Absolute "NNN" Net Lease - Zero Landlord Responsibilities
Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining
Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
Rare Low Price Point CVS
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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,553 SF
Building Class
B
Year Built
1976
Price
£2,403,289
Price Per SF
£252
Net Initial Yield
4.75%
NOI
£114,156
Tenancy
Single
Number of Floors
1
Building FAR
0.25
Land Acres
0.88 AC
Zoning
B2A
Parking
55 Spaces (5.76 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalised Intersection

Links

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440 E Dixie Dr, Asheboro, NC - aerial map view - Image1
440 E Dixie Dr, Asheboro, NC - aerial map view - Image2

PROPERTY TAXES

Parcel Number 7750-96-2269 Improvements Assessment £1,199,122
Land Assessment £1,024,595 Total Assessment £2,223,718

PROPERTY TAXES

Parcel Number
7750-96-2269
Land Assessment
£1,024,595
Improvements Assessment
£1,199,122
Total Assessment
£2,223,718
(248) 702-0288

  • Listing ID: 33523218

  • Date on Market: 15/10/2024

  • Last Updated:

  • Address: 440 E Dixie Dr, Asheboro, NC 27203

The Retail Property at 440 E Dixie Dr, Asheboro, NC 27203 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

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440 E Dixie Dr, Asheboro, NC for sale Building Photo- Image 1 of 6
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Deno Bistolarides

(248) 702-0288

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