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CVS 5712 Castle Hayne Rd 12,062 SF Retail Building Castle Hayne, NC 28429 $5,136,734 CAD ($425.86 CAD/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long term absolute NNN lease with just under years remaining and no rent holiday.
  • Consistent, strong population growth surrounding the property and the entire Wilmington MSA.
  • Directly across from CVS, Circle K recently expanded their building and signed a new 15-year lease
  • Corporate guarantee from investment grade tenant (BBB).
  • Located on a signalized intersection with 18,280 VPD.

EXECUTIVE SUMMARY

Transwestern is pleased to exclusively offer for sale a single tenant CVS Pharmacy in Castle Hayne, NC. CVS signed a rare, 20-year extension in 2019 on their absolute NNN lease, with no rent holiday. The property sits on 2.20 acers and is located at a signalized intersection with strong traffic counts. The immediate area is experiencing a significant population boom, with thousands of residential units currently proposed for development. CVS is the only pharmacy within a five-mile radius and will capitalize on the population increase. The property is also only 2.8 miles from the General Electric Aviation facility, which just announced a $22M expansion with additional jobs and received approval to handle higher enrichment level fuels. This facility will be the first commercial facility in the US to hold this license. CVS is #6 on the Fortune 500 with strong earnings and solid guidance.
Broker of Record
Bradley Fulkerson
NC Lic #281422

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,062 SF
Building Class
C
Year Built
2007
Price
$5,136,734 CAD
Price Per SF
$425.86 CAD
Cap Rate
5.25%
NOI
$269,679 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.20 AC
Zoning
B-2
Parking
50 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
149’ on Blossom St

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R01113-005-005-000
Land Assessment
$590,543 CAD
Improvements Assessment
$5,433,329 CAD
Total Assessment
$6,023,873 CAD
  • Listing ID: 38973229

  • Date on Market: 2026-01-05

  • Last Updated:

  • Address: 5712 Castle Hayne Rd, Castle Hayne, NC 28429

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