3914 Capital Ave | Raleigh, NC 27604
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- LoopNet Team
3914 Capital Ave
Raleigh, NC 27604
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Positioned within the Raleigh MSA – Ranked #41 in the United States for population size
- Long pharmacy operating history since 1996
- Below market rent (CVS: $17.02 vs. Submarket Rent: 19.92)
- CVS is an investment grade tenant – Standard & Poor’s: BBB
- Several renewal options executed which demonstrates commitment
- 3.59% population growth expected over the next five years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,722 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.24 AC
Zoning
IND-1
Parking
56 Spaces (5.22 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 1725.06-38-8836-000 | Improvements Assessment | $2,833,852 |
| Land Assessment | $1,134,294 | Total Assessment | $3,968,146 |
PROPERTY TAXES
Parcel Number
1725.06-38-8836-000
Land Assessment
$1,134,294
Improvements Assessment
$2,833,852
Total Assessment
$3,968,146
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