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7515 Williamson Rd
Hollins, VA 24019
CVS - Absolute NNN Leasehold · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease | 20+ Years of Operating History | Over 4 Years Remaining | Options to Extend
- Dense Retail Corridor | Hollins University (760 Students)
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Centralized Location | Multiple Nearby Apartment Complexes | Direct Consumer Base
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, freestanding, CVS investment property located in Roanoke, Virginia. The tenant has been operating at the site for more than 20 years and has over 4 years of firm term remaining with 6 (5-year) options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS is America’s leading retail pharmacy with over 9,000 locations across 49 states.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
11,985 SF
Building Class
C
Year Built
2005
Price
$2,549,000
Price Per SF
$212.68
Cap Rate
8.50%
NOI
$216,672
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.58 AC
Zoning
C2
Parking
68 Spaces (5.67 Spaces per 1,000 SF Leased)
Frontage
64’ on Williamson Rd
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 027.11-03-01 | Improvements Assessment | $1,373,200 |
| Land Assessment | $405,200 | Total Assessment | $1,778,400 |
Property Taxes
Parcel Number
027.11-03-01
Land Assessment
$405,200
Improvements Assessment
$1,373,200
Total Assessment
$1,778,400
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