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CVS - Absolute NNN Leasehold 7515 Williamson Rd 11,985 SF Retail Building Hollins, VA 24019 $3,613,029 CAD ($301.46 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease | 20+ Years of Operating History | Over 4 Years Remaining | Options to Extend
- Dense Retail Corridor | Hollins University (760 Students)
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Centralized Location | Multiple Nearby Apartment Complexes | Direct Consumer Base
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, freestanding, CVS investment property located in Roanoke, Virginia. The tenant has been operating at the site for more than 20 years and has over 4 years of firm term remaining with 6 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS is America’s leading retail pharmacy with over 9,000 locations across 49 states.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
11,985 SF
Building Class
C
Year Built
2005
Price
$3,613,029 CAD
Price Per SF
$301.46 CAD
Cap Rate
8.50%
NOI
$307,117 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.58 AC
Zoning
C2
Parking
68 Spaces (5.67 Spaces per 1,000 SF Leased)
Frontage
64’ on Williamson Rd
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 027.11-03-01 | Improvements Assessment | $1,920,928 CAD |
| Land Assessment | $566,822 CAD | Total Assessment | $2,487,750 CAD |
Property Taxes
Parcel Number
027.11-03-01
Land Assessment
$566,822 CAD
Improvements Assessment
$1,920,928 CAD
Total Assessment
$2,487,750 CAD
Contacts
-
John Redfield -
Kyle Zimmer -
Joe Chichester -
Patrick Luther -
SRS Real Estate Partners
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CVS - Absolute NNN Leasehold | 7515 Williamson Rd
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