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.

    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

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    902 Gastonia Hwy 274
    Bessemer City (Charlotte), NC

    Traci BidingerCVS Pharmacy