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CVS 700 Merrimac Trl 9,963 SF Retail Building Williamsburg, VA 23185 $2,485,649 ($249.49/SF) 7.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Positioned within the Virginia Beach MSA
- CVS executed multiple options demonstrating commitment (Most recently in 2022)
- Shadow anchor to James-York Plaza (Food Lion, Rent-A-Center, Subway, Dollar Tree, Metro by T-Mobile)
- Successful operating history since 1998
- Located along Merrimac Trail (14,000 VPD) & within proximity to Interstate 64 (70,000 VPD)
- Affluent community - $131,000+ average household income within five miles
EXECUTIVE SUMMARY
The 9,963 square-foot building benefits from its shadow anchor position across from James-York Plaza which is occupied by Food Lion, Rent-A-Center, Subway, Dollar Tree, and Metro by T-Mobile. The property is located along Merrimac Trail which experiences 14,000 vehicles per day and is within proximity to Interstate 64 (70,000 VPD). The surrounding community, within a five-mile radius, is affluent, boasting an average household income exceeding $131,000 and a population of 55,000. The property is just minutes from two significant regional draws: William and Mary College, with over 9,700 students, and Yorktown Naval Weapons Station, a key U.S. Navy hub on the East Coast. Additional nearby attractions include Golden Horseshoe Golf Club, Wawa, 7-Eleven, O’Reilly Auto Parts, AutoZone, Chevrolet, Cadillac, McDonald’s, NTB, and other prominent businesses.
CVS Health Corporation, founded in 1963 as Consumer Value Stores and headquartered in Woonsocket, Rhode Island, is a leading health solutions company in the United States, operating over 9,000 retail pharmacies, more than 1,000 MinuteClinic locations, and comprehensive health insurance through Aetna, acquired in 2018. With a mission to enhance healthcare access, lower costs, and provide personalized care, CVS Health serves approximately 27.1 million medical members and processes over 464 million pharmacy claims annually through its CVS Caremark pharmacy benefit manager.
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- Jan 2029
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 END | ||
|
|
Retailer | - | - | Jan 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | F14D-3158-1295 | Improvements Assessment | $1,471,700 |
| Land Assessment | $1,011,000 | Total Assessment | $2,482,700 |
PROPERTY TAXES
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CVS | 700 Merrimac Trl
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