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CVS/Pharmacy

817 Main St, Danville, VA 24541, USA
$4,704,991 5.35% Cap 8,000 sq ft Built 2007 Representative Photo Print This Page

Location

817 Main St, Danville, VA 24541, USA

Price: $4,704,991
Cap Rate: 5.35%
Net Operating Income: $251,717
Square-Footage: 8,000
Lot Size: 3.71 AC
Year Built: 2007

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeInvestment Grade CreditLocated on a Major Commercial ThoroughfareLong Term NNN LeaseRated CreditS&P Rated BBBSurrounded by Major RetailersZero Landlord Obligations

This is a rare CVS/pharmacy absolute net leased offering in Danville, Virginia. The lease calls for zero landlord obligations with two 5 year options at 90% of prior rent, then eight 5 year options at FMV, along with a rent holiday for the last three years of the lease. The asset is well situated on a major commercial thoroughfare and is nearby PATHS Community Medical Center.

Danville is an independent city in the Commonwealth of Virginia in the United States, located on the fall line of the Dan River. It was a major center of Confederate activity during the Civil War, due to its strategic location on the Richmond and Danville Railroad, and today is principal city of the Danville, Virginia Micropolitan Statistical Area.

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