5712 Castle Hayne Rd - Drug Store FOR SALE


Castle Hayne, NC 28429
$3,718,095 USD
310-793-6069
5712 Castle Hayne Rd, Castle Hayne, NC for Sale
$3,718,095 USD
Drug Store - FOR SALE
1/13
null | 5.25% Cap Rate

5712 Castle Hayne Rd
Castle Hayne, NC 28429


HIGHLIGHTS

  • Absolute NNN lease with 15+ years remaining and no rent holiday.
  • Corporate guarantee from investment grade tenant (BBB).
  • Consistent population growth surrounding the property and the entire Wilmington MSA.
  • Located on a signalized intersection with 18,280 VPD.
  • Directly across from CVS, Circle K is expanding their building and signed a new 15-year lease.

OVERVIEW

Transwestern is pleased to exclusively offer for sale a single tenant CVS Pharmacy in Castle Hayne, NC. CVS signed a rare, 20-year extension in 2019 on their absolute NNN lease, with no rent holiday. The property sits on 2.20 acers and is located at a signalized intersection with strong traffic counts. The immediate area is experiencing a significant population boom, with thousands of residential units currently proposed for development. CVS is the only pharmacy within a five-mile radius and will capitalize on the population increase. The property is also only 2.8 miles from the General Electric Aviation facility, which just announced a $22M expansion with additional jobs and received approval to handle higher enrichment level fuels. This facility will be the first commercial facility in the US to hold this license. Broker of Record Bradley Fulkerson NC LIC #281422

FOR SALE DETAILS

PRICE

$3,718,095 USD

PRICE/SF

$311 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

B-2

APN/PARCEL ID

R01113-005-005-000

ASK ABOUT THIS PROPERTY

CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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