First National Bank - Charlotte, NC
9931 Sandy Rock Place, Charlotte, NC, 28277, US
CN¥32,260,000 | 249 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 1080 Hendersonville Rd, Asheville, NC 28803 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with a corporate guaranty and approximately 11 years of primary term remaining, as well as five, five-year renewal options with zero management responsibility.
This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.
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Attributes
Asking price
CN¥16,510,000
NOI
CN¥1,115,000
Cap rate
6.75%
Lease type
Absolute Triple Net
Remaining lease term
11 years
Building area net
941 m²
Year built
1998
Media
Investment Highlights
- Investment grade tenancy (S&P: BBB) with stable outlook
- Absolute NNN with zero landlord responsibilities
- 24% population growth within a five-mile radius
- $112K average household income within a 3-mile radius
- Located in the #3 best cities in the South
- 1.9% retail vacancy rate
- 11 years of primary lease term remaining
- Prime visibility to 97K+ vehicles per day
Contact brokers
CVS - Asheville, NC (0 Properties)
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Last updated
14 Jan 2026
