1260-1270 Union St
Concord, NC 28025
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptional Location – Located on the signalized corner of U.S Highway 601 and Union St which captures over ±29,600 Vehicles Per Day.
- Zero Cash Flow – A zero cash flow investment allows an individual to essentially shelter income.
- Ideal Demographics – This CVS Pharmacy is situated in an affluent area with the average household income exceeding $103,410 within a 3-mile radius.
- Strong Location – This store is ranked within the top 9% in the state of North Carolina and top 20% in the nation
- Investment Grade Credit Tenant – Investment Grade Rating by the S&P 500. Lease is guaranteed by CVS Health Corp.
- Zero Landlord Responsibilities – Zero landlord responsibilities providing a passive investment.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,999 SF
Building Class
B
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.55 AC
Zoning
C - Commercial
Frontage
480’ on Union Street South
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 5539-75-4974-0000 | Improvements Assessment | $2,384,760 |
| Land Assessment | $1,719,750 | Total Assessment | $4,104,510 |
