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33232541
33232539

2207 Valley Ave, Winchester, VA 22601

AC
TX 656845, CA 0216373
Landes Group
Listed by Landes Group
$3,220,262
8 days on market
Updated 4 days ago

CVS Pharmacy | Winchester, VA

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 11,807
Units 1
Cap Rate 7.25%
NOI $233,469
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Lease Term 25.4
Lease Expiration 01/31/2031
Remaining Term 4.7
Rent Bumps No
Lease Options 2, 5-Year Options at $233,469/year; 8, 5-Year Options at FMV
Price per SqFt $273
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 1.640
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/19/2005
Ground Lease No
Ownership Fee Simple

Absolute NNN | 20+ Year Operating History

Marketing description

The Landes Group is pleased to present the exclusive opportunity to acquire a CVS Pharmacy in Winchester, Virginia. Strategically positioned within the high-growth Winchester-Frederick County market, the property is located approximately 75 miles northwest of Washington, D.C. and sits at the heart of the region's primary commercial activity. Situated at the signalized intersection of Valley Avenue and Cedar Creek Grade, the site benefits from exceptional visibility and a combined 31,000 VPD. This location has a proven track record, with CVS successfully operating at this site since 2005. The current lease term runs through 2031. This investment features an Absolute NNN lease structure, where the tenant is responsible for all maintenance, taxes, insurance, and repairs. This offering provides an investor with a truly passive, "hands-off" asset with zero landlord responsibilities, backed by a premier national credit tenant.

Investment highlights

  • Established Tenant: 20+ Year Operating History
  • Absolute NNN
  • Rent Holiday last 3 years of Lease
  • Zero Landlord Responsibilities
  • Corporate Guaranteed Lease (S&P Rating: BBB)
  • Hard Corner, Signalized Intersection
  • Strong retail trade area with neighboring retailers including Wells Fargo, Dunkin Donuts, Burger King, Walmart, Target, The Home Depot, and many more

Listing Contacts

AC
TX 656845, CA 0216373
Landes Group
Listed by Landes Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,469.00
$19,455.75/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Dan Whitacre
License
0225212949
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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