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CVS Pharmacy 440 E Dixie Dr

9,553 SF Retail Building Asheboro, NC 27203 $3,042,100 ($318/SF) 4.75% Cap Rate

Drug Stores North Carolina Asheboro 440 E Dixie Dr, Asheboro, NC 27203

Investment Highlights

  • Absolute "NNN" Net Lease - Zero Landlord Responsibilities
  • Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
  • CVS Recently Executed 20 Year Lease Extension w/ (10) Five Year Option Periods
  • Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining
  • Rare Low Price Point CVS
  • Long Term Occupancy - CVS Has Occupied Location Since 2004

Executive Summary

Absolute "NNN" Net Lease - Zero Landlord Responsibilities
Corporate CVS Guaranty w/ Over 15 Years of Firm Lease Term Remaining
Massive Rent Increase | Rare 61.95% Rental Increase In First Option Period
Rare Low Price Point CVS
CVS Recently Executed 20 Year Lease Extension w/(10) Five Year Option Periods
Long Term Occupancy - CVS Has Occupied Location Since 2004
Prototype CVS Building w/ Drive-Thru Located At Hard Signalized Intersection
CVS Health Inc. Investment Grade Credit - S&P Rate: BBB | Publicly Traded NYSE: CVS
In 2021, CVS Health Was Ranked 4th on The Fortune 500 List & Over 9,900 Locations

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,553 SF
Building Class
B
Year Built
1976
Price
$3,042,100
Price Per SF
$318
Cap Rate
4.75%
NOI
$144,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.88 AC
Zoning
B2A
Parking
55 Spaces (5.76 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

Links

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440 E Dixie Dr, Asheboro, NC - aerial map view - Image1
440 E Dixie Dr, Asheboro, NC - aerial map view - Image2

Nearby Major Retailers

Waffle House
Bank OZK
Cook Out
Lowes Foods
Huddle House
Golden Corral Buffet & Grill

PROPERTY TAXES

Parcel Number 7750-96-2269 Improvements Assessment $1,519,800
Land Assessment $1,298,600 Total Assessment $2,818,400

PROPERTY TAXES

Parcel Number
7750-96-2269
Land Assessment
$1,298,600
Improvements Assessment
$1,519,800
Total Assessment
$2,818,400
(248) 702-0288

Contacts

  • Listing ID: 33523218

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 440 E Dixie Dr, Asheboro, NC 27203

More public record information on 440 E Dixie Dr, Asheboro, NC 27203

The Retail Property at 440 E Dixie Dr, Asheboro, NC 27203 is currently available for sale. Contact Encore Real Estate Investment Services for more information.

Nearby Listings

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440 E Dixie Dr, Asheboro, NC for sale Building Photo- Image 1 of 6
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440 E Dixie Dr, Asheboro, NC for sale Building Photo- Image 2 of 6
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440 E Dixie Dr, Asheboro, NC for sale Building Photo- Image 3 of 6
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440 E Dixie Dr, Asheboro, NC for sale Aerial- Image 5 of 6
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CVS Pharmacy | 440 E Dixie Dr
(248) 702-0288 x

CVS Pharmacy | 440 E Dixie Dr

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Dante Hargis

(248) 702-0289

(248) 702-0289

Brandon Hanna

(248) 702-0290

(248) 702-0290

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