2511 ANDERSON HWY, POWHATAN, VA 23139 For Sale

The subject property is a 9,657-square-foot CVS strategically located in Powhatan, Virginia. CVS executed a 25-year absolute NNN lease commencing in October 2019, providing approximately 19 years of remaining primary term, along with ten 5-year renewal options, delivering exceptional long-duration income security.

This opportunity allows investors to assume the existing zero-cash-flow debt at a highly attractive 3.86% interest rate, offering substantial leverage at below-market financing. The absolute triple-net lease structure eliminates landlord responsibilities entirely, enabling passive ownership with predictable cash flow.

CVS Health Corporation (NYSE: CVS), a BBB-rated, investment-grade tenant, reported over $394 billion in annual revenue in 2025, underscoring the credit strength and operating stability backing the lease.

Strategically positioned approximately 20 miles from downtown Richmond, the property benefits from its location within one of the Richmond MSA’s most desirable bedroom communities, providing direct access to the region’s expanding economic base. The surrounding trade area demonstrates strong and growing affluence, with average household incomes exceeding $154,000 within a 7-mile radius and over $121,000 within five miles, a figure projected to increase by 16% over the next five years.

CVS is situated at the signalized intersection of Anderson Highway and Dorset Road, offering excellent visibility, accessibility, and frontage along the area’s primary commercial corridor, which carries daily traffic counts exceeding 27,000 vehicles. The immediate retail landscape features a strong lineup of national and regional retailers, including Tractor Supply Co., McDonald’s, Sheetz, and Citizens Bank, reinforcing the corridor’s role as the area’s dominant commercial hub and further supporting long-term tenant performance.