2712 Peters Creek Rd NW
Roanoke, VA 24019
Absolute NNN CVS | Relocation Store · Retail Property For Sale

The subject property is a 11,970 square foot CVS located in Roanoke, Virginia. CVS signed a 25 year lease which commenced in 2006, leaving approximately 13 years remaining on the tenant's initial lease term. The lease is absolute net providing for zero landlord responsibilities.CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB credit rating by Standard & Poor’s and reported annual revenues in excess of $184 billion in 2017. Located at the intersection of Peters Creek Road and Cove Road, CVS is positioned along a main retail corridor directly across from City Line Square, a 64,900 square foot retail center anchored by Food Lion. The subject property is a relocation site from an inline space that CVS previously occupied in City Line Square. Other national retailers in the immediate area include Sheetz, Hardee’s, Kroger, Family Dollar, Home Depot, Sportsman’s Warehouse and many more. The site offers easy access via both traffic arteries with combined daily traffic counts in excess of 30,100 vehicles. The surrounding community is densely populated with over 42,000 residents within a three mile radius and over 118,000 residents within a five mile radius.