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CVS - GROUND LEASE 4000 Battleground Ave 13,225 SF 4-Star Retail Building Greensboro, NC 27410 $3,965,837 CAD ($299.87 CAD/SF) 5% Cap Rate
Investment Highlights
- NNN Investment
- Investment-Grade Tenant – CVS Health (NYSE: CVS) - BBB
- ~17 years of initial term left on the lease
Executive Summary
This offering presents the opportunity to acquire a CVS Pharmacy NNN ground lease located at a signalized hard corner along Battleground Avenue, one of
Greensboro’s primary retail corridors. The property features approximately 17 years remaining on the current lease term, providing investors with long-term,
passive income backed by a nationally recognized, investment-grade tenant. The site benefits from excellent surrounding demographics and retail synergy, including its position as an outparcel to a strong Harris Teeter–anchored shopping center. Battleground Avenue carries approximately 20,000 vehicles
per day, offering consistent exposure and accessibility. The surrounding trade area is characterized by above-average household incomes, dense
residential neighborhoods, multifamily communities, and nearby assisted living facilities that further support pharmacy demand.
Greensboro’s primary retail corridors. The property features approximately 17 years remaining on the current lease term, providing investors with long-term,
passive income backed by a nationally recognized, investment-grade tenant. The site benefits from excellent surrounding demographics and retail synergy, including its position as an outparcel to a strong Harris Teeter–anchored shopping center. Battleground Avenue carries approximately 20,000 vehicles
per day, offering consistent exposure and accessibility. The surrounding trade area is characterized by above-average household incomes, dense
residential neighborhoods, multifamily communities, and nearby assisted living facilities that further support pharmacy demand.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$3,965,837 CAD
Price Per SF
$299.87 CAD
Cap Rate
5%
NOI
$198,292 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.88 AC
Zoning
PUD - Retail - Stores & Commercial
Parking
45 Spaces (3.4 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0080363 | Improvements Assessment | $2,541,965 CAD |
| Land Assessment | $1,574,848 CAD | Total Assessment | $4,116,812 CAD |
Property Taxes
Parcel Number
0080363
Land Assessment
$1,574,848 CAD
Improvements Assessment
$2,541,965 CAD
Total Assessment
$4,116,812 CAD
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CVS - GROUND LEASE | 4000 Battleground Ave
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