Property History
STRONG INVESTMENT GRADE TENANT
CVS Health is a BBB-rated, publicly traded company with over 9,000 locations and $372.8B in 2024 revenue
LONG OPERATING HISTORY
CVS has operated at this location since 2008 (17 years) under a 25- year NNN ground lease guaranteed by corporate, expiring January 2033 with six 5-year renewal options at 5% rent increases.
STRONG REAL ESTATE FUNDAMENTALS
Situated on 1.9 acres, this property features an 11,970 SF building with Drive Thru and nearly 70 parking spaces.
STRATEGIC COLLEGE TOWN LOCATION
Directly across from Radford High School (500+ students) and Radford Middle School (500+ students), and within 1 mile of Radford University (9,400+ students, region’s largest employer). Strong built-in demand from students and families.
DUAL ACCESSIBILITY & STRONG VISIBILITY
Located at a signalized intersection along West Main Street seeing over 18,000 vehicles daily, the property boasts excellent exposure and has multiple points of ingress and egress.
DOMINANT MARKET POSITION
Only pharmacy in the Radford MSA, serving 24,000+ residents with no direct competition. Positioned along Lee Highway (26K VPD) at the bridge entry, the site benefits from unmatched visibility and reliability as the community’s primary provider of prescriptions and essential health goods.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
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Comparable Properties
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