CVS

4126 Plantation Road NE, Roanoke, VA
Deal Type:
Net Lease
Price:
$3,485,246
Cap Rate:
6.50%
Current Rent:
$226,541
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13.5 years
Renewal Options:
See OM
Building Sq. Ft.:
11,974 SF
Rent Increases:
Flat Through Main Term
Site Size:
2.05 Acres

Investment Highlights

  • Absolute NNN Lease Structure: 13.5+ years remaining with no landlord responsibilities providing passive ownership
  • Long Term Investment Opportunity: Over $3,000,000 of guaranteed cash flow
  • Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
  • Location: Positioned at a signalized Corner Location: 2.05 Acres (89,397 SF) on the corner of Preston and Plantation Road
  • Proximity to Downtown: Only 3 miles outside of downtown Roanoke & 2.5 miles to Roanoke-Blacksburg Regional Airport
  • Dense and Growing Population: 131,000 People within a 5-Mile radius
  • Drive Thru Pharmacy w/ Excess Parking: 65 Parking Spaces and a drive-thru for prescription pick up

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]
John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]

Taylor Trepinski

Vice President
786 684 1975
[email protected]

Broker of Record: Sasha Dominguez, VA Lic. #0225267271

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