Charlotte CVS | No Rent Holiday 2035 N Sharon Amity Rd 10 151 pi² Commerce de détail Immeuble Charlotte, NC 28205 3 934 782 $ CAD (387,63 $ CAD/pi²) 7% Taux de capitalisation

Pharma Property Group is pleased to market for sale the CVS store located at 2035 North Sharon Amity Road in Charlotte, North Carolina (the "Property"). CVS has had a long successful operating history at this site (±27 years) and recently agreed to a 10 year extension showing their commitment to this location.

CVS recently closed down their location 3.5 miles to the south located at 2325 Village Lake Drive and transferred their prescription files to the Property's pharmacy. This store on North Sharon Amity Road is now the prominent CVS location in southern Charlotte and benefits from its position on Monroe Road which is a main thoroughfare heading south to Matthews.

The Property allows for an investor to achieve a higher yield for a CVS asset in the tax friendly state of North Carolina. This property has minimal lease renewal risk considering with the long operating history, recent lease renewal, and assumed uptick in sales revenue from its growing prescription base. Additionally, there is only one other competing CVS property within a 3-mile radius located to the northeast and no other CVS for over 5.5 miles to the south.

This signalized hard corner location benefits from traffic counts of over 43,000 vehicles per day which is expected to grow exponentially as Southern Charlotte continues on its upward growth trajectory. There are also several major hospitals located in the surrounding area which combined account for over 1,650 beds with plans for additional 450 beds to be completed in the next few years.