CVS - Danville, VA_Property for Sale
CVS - Danville, VA_Property for Sale

CVS - Danville, VA

817 West Main Street, Danville, VA, 24541, US

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 approximately 6.6 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.

...

Attributes

Building area net
1,110 sm
Purchase Price
$2,510,000
Cap Rate
10.0%
Land Area
3.71 AC
Year built
2007
WAULT
6.6 years

Media

Investment highlights

  1. Located at Caesar's Virginia, $750M hotel & casino project
  2. ±6.6 years of primary lease term remaining
  3. Absolute NNN lease
  4. Large 3.71-acre parcel
  5. Investment grade tenancy (S&P: BBB) with stable outlook
  6. CVS Corporate lease guarantor, ensuring stable cash flows
  7. Surrounded by major national retailers
  8. Hard corner, signalized intersection
CVS - Danville, VA 4_Property for Sale

Contact brokers

CVS - Danville, VA (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Apr 9, 2026