Freestanding CVS Pharmacy
101 East Main Street Locust, NC 28097
101 East Main Street, Locust, NC, 28097
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For Sale
Contact for pricing
Freestanding CVS pharmacy on 1.27 acres with a corporate-guaranteed NNN lease extending through 2040.
Property Size10,200 SF
Lot Size1.27 Acres
Price / SF$202.79
Days on Market54
Property Features for 101 East Main Street
General Information
- Standard status
- Active
- Size
- 10,200 SF
- Lot size
- 1.27 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
Stonecliff
Listed by
Ryan Eklund · License #NC 286222
Source
Crexi
Added: May 29 Updated: Jul 10 at 3:59PM Checked: Jul 20 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stonecliff
Investment Insights
Based on property information with market context.
This freestanding CVS Pharmacy totals approximately 10,200 square feet and is situated on 1.27 acres at the signalized intersection of E Main Street and N Central Avenue. The property is offered as an NNN investment with a recently extended lease term running through January 31, 2040, with approximately 13.7 years remaining. The lease includes three additional 5-year options with 10% increases.
The location provides direct street-level exposure at a signalized corner in Locust’s primary retail corridor. Public remarks also note combined traffic counts of approximately 28,800 vehicles per day, supporting the property’s visibility to daily passersby.
For prospective buyers, the asset is corporate-guaranteed by CVS Health Corp., a Fortune 10 company, and is structured as a long-duration NNN lease. This combination of a freestanding footprint, extended term, and corporate guarantee is designed to support straightforward ownership for investors seeking a pharmacy tenant with durable occupancy under the stated lease terms.
The location provides direct street-level exposure at a signalized corner in Locust’s primary retail corridor. Public remarks also note combined traffic counts of approximately 28,800 vehicles per day, supporting the property’s visibility to daily passersby.
For prospective buyers, the asset is corporate-guaranteed by CVS Health Corp., a Fortune 10 company, and is structured as a long-duration NNN lease. This combination of a freestanding footprint, extended term, and corporate guarantee is designed to support straightforward ownership for investors seeking a pharmacy tenant with durable occupancy under the stated lease terms.
Key Highlights
- Freestanding 10,200+ SF CVS Pharmacy on 1.27 acres at 101 East Main Street, Locust, NC
- Signalized intersection location on E Main Street and N Central Avenue with ~28,800 VPD combined traffic counts
- Corporate‑guaranteed NNN lease by CVS Health Corp. (Fortune 10 company)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Pharmacy
UPS Access Point ...
Courier Service
George Anthony, RPH
Pharmacy
MoneyGram
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Medical Pharmacy-Locust — 236 Market St STE 100, Locust, NC 28097
- George Anthony, RPH — 101 E Main St, Locust, NC 28097
- Trinity Supplements — 104 S Beverly Dr Suite E, Locust, NC 28097
- CVS Pharmacy — 101 E Main St, Locust, NC 28097
- Dr. Connie's Market (part of Carolina Health Solutions) — 241 Town Centre Dr, Locust, NC 28097
FAQs
What type of property is this?
Drug store - Freestanding CVS pharmacy on 1.27 acres with a corporate-guaranteed NNN lease extending through 2040.
Where is this drug store located?
The property is located at 101 East Main Street Locust, NC.
What is the asking price?
The asking price for this property is $2,068,421.
What are key features of this property?
This property features: Freestanding 10,200+ SF CVS Pharmacy on 1.27 acres at 101 East Main Street, Locust, NC; Signalized intersection location on E Main Street and N Central Avenue with ~28,800 VPD combined traffic counts; Corporate‑guaranteed NNN lease by CVS Health Corp. (Fortune 10 company)
