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2712 Peters Creek Rd
Roanoke, VA 24019
CVS · Retail Property For Sale
Investment Highlights
- Adjacent to 216-unit Smith Ridge Commons apartments, opening 2026, driving daily-needs demand.
- Signalized intersection with ±28,100 VPD; direct access to I-581 and I-81.
- Corporate guarantee from CVS Health (NYSE: CVS), one of the largest pharmacy companies in the U.S.
- $75.8M Roanoke County Career & Technology Center opening Fall 2026 along Peters Creek Road.
- Absolute NNN lease — no landlord responsibilities; ideal for 1031 exchange investors.
- ±2.28-acre parcel with drive-thru, multiple ingress/egress points, and strong road frontage.
Executive Summary
Kyle Matthews
License # 225225982, 226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 225225982, 226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,970 SF
Building Class
C
Year Built
2006
Price
$5,205,132 CAD
Price Per SF
$434.85 CAD
Cap Rate
7.75%
NOI
$403,392 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.28 AC
Opportunity Zone
Yes
Zoning
C2S
Property Taxes
| Parcel Number | 037.17-01-04.01-0000 | Improvements Assessment | $1,650,787 CAD |
| Land Assessment | $912,846 CAD | Total Assessment | $2,563,633 CAD |
Property Taxes
Parcel Number
037.17-01-04.01-0000
Land Assessment
$912,846 CAD
Improvements Assessment
$1,650,787 CAD
Total Assessment
$2,563,633 CAD
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