14566 Forest Rd - Drug Store FOR SALE


Forest, VA 24551
$3,075,000 USD
818-730-1195
14566 Forest Rd, Forest, VA for Sale
$3,075,000 USD
Drug Store - FOR SALE
1/9
null | 10.01% Cap Rate

14566 Forest Rd
Forest, VA 24551


HIGHLIGHTS

  • Very Affluent Community | Average Household Income Exceeds $127k in 1-Mile Radius and $117k in 3-Mile Radius
  • Dense Population | Over 50,100 Residents in 5-Mile Radius
  • Strong Combined Average Traffic Counts of 34,700+ VPD (Forest Rd & Perrowville Rd)
  • Huge 2.80 Acre Lot with Double Drive Thru Surrounded by Every Major Retailer
  • Surrounded by Major National Tenants including Kroger, Walmart Neighborhood Market, McDonald’s, Tractor Supply, Ace Hardware, Taco Bell, and more
  • Located in Forest, VA, a Suburb of Lynchburg: the 5th Largest MSA in VA and Home to Liberty University which Enrolls over 135,000 Students

OVERVIEW

Marcus & Millichap is pleased to offer for sale, the fee simple interest in a CVS in Forest, VA. This single-story 13,495 SF free standing CVS was built in 2007 on a 2.80 AC lot with 75+ parking spaces. The property is located at 14566 Forest Road in Forest, Virginia, a suburb of Lynchburg: the 5th largest MSA in VA and home to Liberty University which enrolls over 135,000 students in its residential and online programs. The property is surrounded by major national tenants including Kroger, Walmart Neighborhood Market, McDonald’s, Tractor Supply, Ace Hardware, Taco Bell, Bojangles, O’Reilly Auto Parts, Dollar General, Dollar Tree, Subway, Domino’s, Papa Johns, Shell, Sheetz, and many more. The property benefits from its location near the intersection of Forest Rd (US 221) & Perrowville Rd (SR 663) which sees a combined average over 34,700 VPD.

FOR SALE DETAILS

PRICE

$3,075,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

10.01%

% 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

2007

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

PCD

APN/PARCEL ID

11610300

ASK ABOUT THIS PROPERTY

Michael FidelerJTU Net Lease GroupMore Info
818-730-1195

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Michael FidelerJTU Net Lease GroupMore Info
818-730-1195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.