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CVS 400 Riverside Dr 13,049 SF Retail Building Bassett, VA 24055 $2,290,000 ($175.49/SF) 6.50% Cap Rate
Executive Summary
Absolute NNN Lease: Absolute net lease provides an investment opportunity with ZERO landlord responsibilities attached.
Lease Term: With ±15 years remaining on the lease, and an additional 40 years in option periods, this property provides long term investment
security potential.
Established Retail Pharmaceutical Provider: CVS currently operates over 9,000 retail locations throughout the United States, boasting 2024
revenues of over $372 billion.
Strategic Location: Located ±1,000 feet from the Stanleytown Health & Rehabilitation center (120 beds) and ±0.5 miles from Bassett High
School, this CVS is centrally located to serve all of Basset’s pharmaceutical needs.
Strong Foot Traffic: The property benefits from approximately 259,000 annual visitors (Placer.ai, 2024), providing exceptional customer exposure
and consistent in-store engagement.
Lease Term: With ±15 years remaining on the lease, and an additional 40 years in option periods, this property provides long term investment
security potential.
Established Retail Pharmaceutical Provider: CVS currently operates over 9,000 retail locations throughout the United States, boasting 2024
revenues of over $372 billion.
Strategic Location: Located ±1,000 feet from the Stanleytown Health & Rehabilitation center (120 beds) and ±0.5 miles from Bassett High
School, this CVS is centrally located to serve all of Basset’s pharmaceutical needs.
Strong Foot Traffic: The property benefits from approximately 259,000 annual visitors (Placer.ai, 2024), providing exceptional customer exposure
and consistent in-store engagement.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,049 SF
Building Class
B
Year Built
2005
Price
$2,290,000
Price Per SF
$175.49
Cap Rate
6.50%
NOI
$148,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.80 AC
Zoning
B-1 (Commercial District)
Parking
75 Spaces (5.75 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 154220003 | Improvements Assessment | $1,952,000 |
| Land Assessment | $313,300 | Total Assessment | $2,265,300 |
Property Taxes
Parcel Number
154220003
Land Assessment
$313,300
Improvements Assessment
$1,952,000
Total Assessment
$2,265,300
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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CVS | 400 Riverside Dr
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