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4106 Fort Henry Dr
Colonial Heights, TN 37663
CVS · Retail Property For Sale
Investment Highlights
- This location ranks in the 81st percentile for foot traffic statewide (top 24 of 121 Tennessee stores) and is the #2 most visited CVS in Kingsport
- The lease includes 3% rent increases every five years during option periods, providing consistent income growth
- Tennessee is one of only nine states with no state income tax, offering a favorable investment environment and enhanced after-tax returns
- CVS has operated at this site since 2000 and reaffirmed its commitment with a 20-year lease extension in 2017
- Strategically located within a healthcare-focused trade area, directly across from Brookdale Colonial Heights
- Positioned at a signalized intersection with exposure to over ±31,000 vehicles per day, the property benefits from strong visibility
Executive Summary
Broker of Record:
Name
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 263667, 356505 (TN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Name
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 263667, 356505 (TN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,069 SF
Building Class
C
Year Built
2001
Price
$3,767,299 CAD
Price Per SF
$466.89 CAD
Cap Rate
7.25%
NOI
$273,129 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.10
Lot Size
1.79 AC
Zoning
B-4
Parking
48 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
150’ on Fort Henry Dr
Property Taxes
| Parcel Number | 092J-B-009.00 | Improvements Assessment | $761,782 CAD |
| Land Assessment | $246,777 CAD | Total Assessment | $1,008,559 CAD |
Property Taxes
Parcel Number
092J-B-009.00
Land Assessment
$246,777 CAD
Improvements Assessment
$761,782 CAD
Total Assessment
$1,008,559 CAD
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