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- LoopNet Team
1850 W Franklin Blvd
Gastonia, NC 28052
CVS · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 1850 W FRANKLIN BLVD , GASTONIA, NC 28052
The 10,125 square foot building is located at the corner of a signalized intersection along Franklin Boulevard (20,000 VPD) and Franklin Boulevard is a primary thoroughfare that leads to Charlotte. The property is in a retail corridor with Walmart, AT&T, Bank of America, BB&T, Advance Auto Parts and McDonald’s. There are approximately 90,000 people living within five miles of the property. Gastonia experienced a steady population growth, with a population increase between 2000 and 2010 of nearly 8.2%, according to the U.S. Census Bureau. The CVS lease has ten years remaining on their lease and features five 5-year renewal option periods with 5% rental escalations in each option. CVS Pharmacy is the nation's largest drugstore chain and total prescription revenue and operates 9,800+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil.
PROPERTY TAXES
| Parcel Number | 221600 | Improvements Assessment | $5,582,750 |
| Land Assessment | $862,620 | Total Assessment | $6,445,370 |
PROPERTY TAXES
