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27137558
27137559

1630 Benvenue Rd, Rocky Mount, NC 27804

BB
NC 298998, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services
$3,815,000
296 days on market
Updated 84 days ago

CVS Pharmacy

Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 11,360
Cap Rate 6.5%
NOI $248,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.2
Lease Expiration 11/30/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options (9) Five Year Options
Price per SqFt $336
Year Built 2000
Buildings 1
Acreage 1.890
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2020

Long Term 15-Yr Absolute Net | Corporate Guarantee | Hard Corner Signalized Intersection

Marketing description

Introducing a prime investment opportunity - CVS PHARMACY located at 1630 Benvenue Rd, Rocky Mount, NC 27804. This property boasts a long-term 15-year absolute net lease with a corporate guarantee, offering a solid investment with minimal landlord responsibilities

. Situated on a hard corner at a signalized intersection, this CVS Pharmacy presents a high-visibility location with steady traffic flow. With a reputable national tenant in place, investors can benefit from a stable income stream and the assurance of a reliable lease agreement.

The property's actual photo showcases its attractive storefront and strategic positioning in the heart of the community. Don't miss out on this exclusive listing that promises both security and growth potential in one of North Carolina's thriving markets. For serious investors seeking a premium commercial asset that aligns with their long-term financial goals, CVS PHARMACY at 1630 Benvenue Rd represents a rare opportunity for a lucrative and hassle-free investment.

Investment highlights

  • Absolute Net | Zero Landlord Responsibilities | Passive Investment Opportunity

  • Largest Pharmacy Chain in the U.S | S&P Rating "BBB"

  • 11,360 Square Foot Freestanding Drug Store with Drive-Thru Situated on 1.89 Acres

  • New Relocation Store from Adjacent Shopping Center | Across the Street from Golden East Crossing Mall

  • Proximity to UNC Health Nash General Hospital (282-Beds)

  • CVS Signed New 20 Year - Absolute "NNN" Net Lease | 15 Years Remaining

  • Hard Corner Signalized Intersection of Benvenue Road & Goldrock Road (37,779+ VPD)

  • Primary Retail Corridor | Surrounding Tenants Include: O’reilly's, Wawa, 7-Eleven, Food Lion, Walgreens, Wells Fargo, Walmart Supercenter, Dollar Tree, Olive Garden, Applebee's, McDonald's, Target, and Many Others

  • Five Mile Population: 57,989 and Growing | One Mile Average Household Income: $74990

  • Subject Property is 57 Miles to Raleigh, NC and 80 Miles Durham, NC

Listing Contacts

BB
NC 298998, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
BH
MI 6501393688
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$248,000.00
$20,666.67/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Brian Brockman
License
298998
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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