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CVS 3739 Nash St NW 10,125 SF Retail Building Wilson, NC 27896 $2,233,706 CAD ($220.61 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Absolute NNN Lease: CVS ground lease investment in Wilson, North Carolina, offering passive ownership through an absolute NNN lease structure.
- Contractual Rent Growth: Lease includes favorable rental increases every five years, supporting contractual income growth over the hold period.
- Substantial Land Component: Situated on a 1.86-acre parcel.
- Below-Market Rent: Below-market annual rent of $85,085 ($8.40 PSF) may provide favorable basis positioning relative to replacement cost.
- Accessible Price Point: Offered at a sub-$2 million price point, presenting an accessible entry point for private investors.
- Retail Synergy: Property benefits from location directly across the street from Food Lion Center.
Executive Summary
Kyle Matthews
License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # C38369, 288917 (NC)
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
10,125 SF
Building Class
B
Year Built
2004
Price
$2,233,706 CAD
Price Per SF
$220.61 CAD
Cap Rate
5.25%
NOI
$117,270 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.86 AC
Zoning
GC
Parking
45 Spaces (4.44 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3713-46-1747.000 | Improvements Assessment | $1,517,984 CAD |
| Land Assessment | $615,449 CAD | Total Assessment | $2,133,433 CAD |
Property Taxes
Parcel Number
3713-46-1747.000
Land Assessment
$615,449 CAD
Improvements Assessment
$1,517,984 CAD
Total Assessment
$2,133,433 CAD
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CVS | 3739 Nash St NW
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