CVS - North Wilkesboro, NC

240 Sparta Road, North Wilkesboro, NC, 28659, US

Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in CVS Pharmacy located at 240 Sparta Road, North Wilkesboro, NC (the "Property" or "Asset"). CVS operates under a NN lease with approximately 12.8 years of primary lease term remaining, five (5) five-year renewal options, and a corporate guaranty. Additionally, the first two 5-year option periods have 10% rent escalations.

CVS Pharmacy, L.L.C (NYSE: CVS; S&P: BBB) is a leading healthcare services and retail pharmacy chain headquartered in Woonsocket, Rhode Island. CVS operates a nationwide network of serving millions of customers through pharmacy benefit management, retail pharmacy locations, and a range of health services. With approximately $391.7 billion in TTM September 2025 revenue, over 300k+ employees, and more than 9,000 stores, CVS maintains a significant presence in the healthcare and retail pharmacy sectors. CVS continues to leverage its integrated platform and distribution capabilities, positioning itself as one of the largest and most diversified healthcare service providers and pharmacy retailers in North America.

The Asset is strategically positioned in North Wilkesboro, NC, just 3.5 miles from downtown located at the hard corner, signalized intersection of Sparta Road, Fairplains Road, and Mountain View Road. The Property benefits from visibility and access to more than 15,500 VPD and has had a long operating history of 26 years.

The Property is well-situated in a growing regional area thanks to the growth of North Wilkesboro and Western NC, which saw the announcement of 1,000 new jobs this year. The market is expected to add many new commercial sites including a 22 acres site on River Road and the construction for the new terminal building at the Wilkes County Airport.

This unique opportunity allows investors to acquire long-term passive income from an investment grade tenant backed by a leading national retailer with a corporate guaranty.

Broker of Record

Donnie Robinson

NC License No.C9784

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