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- LoopNet Team
840 Berryville Ave
Winchester, VA 22601
CVS | New 20 Year Lease | No Rent Holiday · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Long Term Lease – CVS signed a new 20 year lease underscoring their long term commitment to the site
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $209 billion in 2019
- Hard Corner Location with Drive-Thru – Ideally positioned along the area’s main traffic thoroughfare (27,000 vpd)
- Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
- Outparcel to Apple Valley Square – 55,000 square foot retail center anchored by Sharp Shopper and True Value
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
ABOUT 840 BERRYVILLE AVE , WINCHESTER, VA 22601
The subject property is an 11,757 square foot CVS located in Winchester, Virginia. CVS has shown long term commitment to the site having executed a new 20 year firm lease term which runs through January of 2039. The lease is structured with five percent rent increases between each of the four 5-year renewal options. 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 $209 billion in 2019. Located along Berryville Avenue, the subject property is positioned as an outparcel to Apple Valley Square, a 55,000 square foot retail center anchored by Sharp Shopper and True Value. CVS is also situated directly in front of Northpark Shopping Center, a 46,000 square foot retail center anchored by Food Lion. Other retailers in the immediate area include Harbor Freight Tools, Food Maxx, McDonald’s, AutoZone, Arby’s, Aaron’s and many more. The site features excellent exposure along Berryville Avenue (27,000 vpd) just west of Interstate 81 (67,000 vpd).
PROPERTY TAXES
| Parcel Number | 176-06-8 | Improvements Assessment | $2,158,600 |
| Land Assessment | $1,130,100 | Total Assessment | $3,288,700 |
PROPERTY TAXES
