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
    The Offering Memorandum for this property is no longer available.


    Andrew Fallon
    Executive Managing Director

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    • 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

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    902 Gastonia Hwy 274
    Bessemer City (Charlotte), NC

    Traci BidingerCVS Pharmacy