717 Highway St | Madison, NC 27025
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
717 Highway St
Madison, NC 27025
Absolute NNN CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN, corporately guaranteed lease with 13.5 years remaining (no rent holiday)
- CVS Health Corporation is ranked #6 on the Fortune 500 with $322.5 billion in revenues and maintains an investment grade S&P rating of “BBB”
- Established location for CVS since 1998 and recent lease extension demonstrates commitment to the location
- Rare 10% rental increases at the start of the first two renewal options
- Strong lease fundamentals with low annual rent of $163,900 ($16.16/SF) in relation to other pharmacy properties
- Lack of nearby competition – this CVS is the only major brand name pharmacy in the town of Madison
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.10 AC
Zoning
GCDMD
Parking
47 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
138’ on Highway St
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 118297 | Improvements Assessment | $1,466,948 |
| Land Assessment | $267,133 | Total Assessment | $1,734,081 |
PROPERTY TAXES
Parcel Number
118297
Land Assessment
$267,133
Improvements Assessment
$1,466,948
Total Assessment
$1,734,081
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
