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CVS 14566 Forest Rd 13,493 SF Retail Building Forest, VA 24551 $2,869,000 ($212.63/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Long Term Lease Extension | No Rent Holiday | 5% Rental Increases Built into Each of the Ten, 5-Year Option Periods
- Strong Combined Average Traffic Counts of 34,700+ VPD (Forest Rd & Perrowville Rd)
- Surrounded by Major National Tenants including Kroger, Walmart Neighborhood Market, McDonald’s, Tractor Supply, Ace Hardware, Taco Bell, and more
- Very Affluent Community | Average Household Income Exceeds $127k in 1-Mile Radius and $117k in 3-Mile Radius
- Huge 2.80 Acre Lot with Double Drive Thru Surrounded by Every Major Retailer
- Located in Forest, VA, a Suburb of Lynchburg: the 5th Largest MSA in VA and Home to Liberty University which Enrolls over 135,000 Students
EXECUTIVE SUMMARY
This single-story 13,495 SF free standing CVS was built in 2007 on a 2.80 AC lot with 75+ parking spaces. The property is located at 14566 Forest Road in Forest, Virginia, a suburb of Lynchburg: the 5th largest MSA in VA and home to Liberty University which enrolls over 135,000 students in its residential and online programs. The property is surrounded by major national tenants including Kroger, Walmart Neighborhood Market, McDonald’s, Tractor Supply, Ace Hardware, Taco Bell, Bojangles, O’Reilly Auto Parts, Dollar General, Dollar Tree, Subway, Domino’s, Papa Johns, Shell, Sheetz, and many more. The property benefits from its location near the intersection of Forest Rd (US 221) & Perrowville Rd (SR 663) which sees a combined average over 34,700 VPD.
PROPERTY FACTS Under Contract
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 13,493 SF
- $13.82
- Triple Net
- Jan 2033
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 13,493 SF | $13.82 | Triple Net | Jan 2033 |
NEARBY MAJOR RETAILERS
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CVS | 14566 Forest Rd
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