STREAM Capital Partners > Properties > All Properties > CVS

CVS

Net Lease

4126 Plantation Road NE, Roanoke, VA
Price:
$2,826,762
Cap Rate:
7.65%
Current Rent:
$226,541
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 13 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 years remaining with no landlord responsibilities providing passive ownership
  • 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
Price:
$2,826,762
Cap Rate:
7.65%
Current Rent:
$226,541
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 13 years
Renewal Options:
See OM
Building Sq. Ft.:
11,974 SF
Rent Increases:
Flat Through Main Term
Site Size:
2.05 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Taylor Trepinski

Vice President
786.684.1975[email protected]

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

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