Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 817 W. Main St., Danville, VA 24541 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with 14 years of primary term remaining, featuring two five-year fixed renewal options with zero landlord responsibility.

The property enjoys a strategic position directly adjacent to Caesars Virginia, a transformative $750 million premier casino resort that opened in December 2024. The state-of-the-art facility features a 90,000-square-foot gaming floor with over 1,400 slot machines, 80 table games, and a WSOP Poker Room, alongside a 320-room hotel, a luxury spa, and premium dining options including Ramsay's Kitchen by Gordon Ramsay. This landmark development is significantly diversifying Danville's economic base and establishing the city as a major regional destination for tourism and entertainment. The CVS location benefits directly from its immediate proximity to this high-traffic hospitality and entertainment hub, positioning it as a convenient service provider for both local residents and the substantial influx of visitors drawn to the area.

CVS occupies a prime location at the high traffic intersection of Main Street and Park Avenue, benefitting from over 10,000+ vehicles per day. With a long operative history of over 18 years, this store sees over 160K annual visits.

The immediate vicinity is densely populated, with over 72,000 residents within a ten-mile radius. Within that same area, there are more than 31,000 households with an average income exceeding $70,000, reflecting the city's ongoing appeal and strong development momentum.

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