1260-1270 Union St - Drug Store FOR SALE
Concord, NC 28025 |
$2,538,000 USD
214-295-5743
1260-1270 Union St
Concord, NC 28025
HIGHLIGHTS
- Exceptional Location – Located on the signalized corner of U.S Highway 601 and Union St which captures over ±29,600 Vehicles Per Day.
- Strong Location – This store is ranked within the top 9% in the state of North Carolina and top 20% in the nation
- Zero Cash Flow – A zero cash flow investment allows an individual to essentially shelter income.
- Investment Grade Credit Tenant – Investment Grade Rating by the S&P 500. Lease is guaranteed by CVS Health Corp.
- Ideal Demographics – This CVS Pharmacy is situated in an affluent area with the average household income exceeding $103,410 within a 3-mile radius.
- Zero Landlord Responsibilities – Zero landlord responsibilities providing a passive investment.
FOR SALE DETAILS
PRICE
$2,538,000 USD
PRICE/SF
$238 USD /SF
CAP RATE
9.62%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.55 AC
LAND SF
111,078 SF
ZONING
-
APN/PARCEL ID
5539-75-4974-0000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
214-295-5743
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
214-295-5743
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
