CVS/Pharmacy Charlotte, NC
Dominant CVS Store
Marketing description
The Twist Capital Team of Colliers is pleased to offer for sale, to qualified investors, the opportunity to acquire this freestanding CVS located in Charlotte, North Carolina.
This ±12,608 SF building is situated on approximately 1.5 acres, occupied by CVS with a corporate guarantee. The lease has an expiration of June 30th, 2026 with two five-year renewal options and 5% increases with each renewal. Landlord is responsible for exterior and roof of the property.
The asset is located at a signalized intersection and offers excellent accessibility and visibility. The building is situated in Charlotte, a dominant market, and serves the local trade area with a population of 95,611 within a three mile radius.
The Property can be purchased in conjuction with additional net-leased retail properties comprised of a nine-property portfolio.
Investment highlights
Recent 5-year renewal with scheduled increase showing CVS’ commitment to the site
Two, 5-year renewal options with 5% increases
61,000 SF lot
Strategically situated on a signalized hard corner in a dense population area
Location allows for CVS to have a loyal customer base within the immediate area
Directly in front of the Cochrane Collegiate Academy, a magnet school that serves grades 6-12
Rare, low replaceable rent
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