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440 E Dixie Dr
Asheboro, NC 27203
CVS Pharmacy · Retail Property For Sale
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
Attractive Rare Low Price Point CVS On Hard Corner
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
Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining
Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
Attractive Rare Low Price Point CVS On Hard Corner
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
$4,034,209 CAD
Price Per SF
$422.30 CAD
Cap Rate
5%
NOI
$201,710 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.88 AC
Zoning
B2A
Parking
55 Spaces (5.76 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 7750-96-2269 | Improvements Assessment | $2,121,519 CAD |
| Land Assessment | $1,812,742 CAD | Total Assessment | $3,934,261 CAD |
PROPERTY TAXES
Parcel Number
7750-96-2269
Land Assessment
$1,812,742 CAD
Improvements Assessment
$2,121,519 CAD
Total Assessment
$3,934,261 CAD
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