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CVS 4126 Plantation Rd NE

11,945 SF Retail Building Roanoke, VA 24012 $2,846,762 ($238/SF) 7.96% Cap Rate

Investment Highlights

  • 13 years remaining with no landlord responsibilities providing passive ownership.
  • Positioned at a signalized Corner Location: 2.05 Acres (89,397 SF) on the corner of Preston and Plantation Road
  • 131,000 People within a 5-Mile radius
  • The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P.
  • 3 miles outside of downtown Roanoke & 2.5 miles to Roanoke-Blacksburg Regional Airport

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,945 SF
Building Class
B
Year Built
2011
Price
$2,846,762
Price Per SF
$238
Cap Rate
7.96%
NOI
$226,541
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
2.05 AC
Zoning
CN
Frontage
531 FT on Plantation Rd NE

Amenities

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
319-0325
Land Assessment
$486,700
Improvements Assessment
$1,523,300
Total Assessment
$2,010,000
  • Listing ID: 31142857

  • Date on Market: 3/6/2024

  • Last Updated:

  • Address: 4126 Plantation Rd NE, Roanoke, VA 24012

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