7515 Williamson Road, Roanoke, VA 24019

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.

CVS is strategically located at the signalized, hard corner intersection of Williamson Road and Plantation Road, which supports more than 32,000 vehicles per day. Furthermore, the site also benefits from nearby access to Interstate 81 (60,000 VPD) and Highway 11 (10,000 VPD), making this an ideal, centralized location with easy commutes. Moreover, the site is located within walking distance of the trade area’s primary grocery destination, Kroger, which benefits from a strong consumer draw of nearly 900,000 annual visits, with store traffic increasing 6.5% over the past two years (Placer.ai). Other nearby national/credit tenants include Tractor Supply Co, Ace Hardware, Goodwill, Dollar General, Dollar Tree, Camping World, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. In addition, the site is located less than two miles from Hollins University, a private institution with approximately 760 students, providing an additional source of consumer demand and daytime population. Lastly, the site is within close proximity of multiple apartment complexes such as Peters Creek Apartments (192 units), The Aspen (92 units), Bent Creek (60 units), and more, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 83,000 residents and 47,000 daytime employees. Residents in a 1-mile radius earn average household incomes of more than $96,000.