Property Details

CVS Pharmacy

Bessemer City (Charlotte), NC
Property ID: 11376

Financial Summary

Asking Price $2,775,000
Cap Rate 6.85%
Net Operating Income (NOI) $190,046
Lease Type NN
Lease Term Remaining 5+ Years

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • 1st option period exercised making lease term firm through January 31, 2025, while absorbing the rent increase as well; Shows tenant’s success and commitment to the site
  • Hard corner of signalized intersection with existing drive-thru and vehicle counts of 13,000 VPD
  • Long operating history of 20+ years
  • 3% rent increases every 5 years in the three (3), five (5) year option periods remaining
  • Drive-thru location with multiple points of ingress/egress
  • Roof replaced in 2016; Roof warrantied through March 14, 2031

Net Lease Advisor

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Location

902 Gastonia Hwy 274
Bessemer City (Charlotte), NC

Traci BidingerCVS Pharmacy