Freestanding CVS Pharmacy
For Sale
Contact for pricing
101 East Main Street, Locust, NC 28097
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$192.65
Days on Market99
Property Features for 101 East Main Street
General Information
Standard status
Active
Size
10,200 SF
Class
A
Lot size
1.27 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$98,250
Additional Details
Business Included
Yes
Traffic Count
28,800 vehicles/day
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Stonecliff
Listed By:
Ryan Eklund · License #NC 286222
(980) 613-4890
Source:
Crexi
Added: May 29
Changed: Sep 3
Last Checked: Aug 28 at 11:11AM
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
Current Use
Lease Details
28,800 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28097, NC
6,876
Population
3,002
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
30.1 sq mi
ZIP Area
228
Density / Sq Mi
$77,600
Median Household Income
$51,279
Median Earnings
$861
Median Rent
$281,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Dr. Connie's Market (part of Carolina Health Solutions) — 241 Town Centre Dr, Locust, NC 28097
- Medical Pharmacy-Locust — 236 Market St STE 100, Locust, NC 28097
- CVS Pharmacy — 101 E Main St, Locust, NC 28097
- George Anthony, RPH — 101 E Main St, Locust, NC 28097
- Trinity Supplements — 104 S Beverly Dr Suite E, Locust, NC 28097
Frequently Asked Questions
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 $1,965,000.
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)
