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CVS Drug Store with Absolute NNN Lease
For Sale
Contact for pricing
Pending

1080 Hendersonville Rd, Asheville, NC 28803

Corporate-backed tenancy offers extended lease term with no landlord management obligations.

Property Size10,125 SF
Days on Market228

Property Features for 1080 Hendersonville Rd

General Information

Standard status Pending
Size 10,125 SF
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Core

Building Details

Year Built 1998
Tenancy Single
Listing Agency: JLL - Dallas | Cedar Springs, Texas
Listed By: Caroline Pinkston · License #601565
Source: Crexi
Added: Jan 14 Changed: Aug 29 Last Checked: Aug 29 at 6:53PM

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 JLL - Dallas | Cedar Springs, Texas

Investment Insights

Based on property information with market context.

The 10,125-square-foot drug store at 1080 Hendersonville Rd was built in 1998 and is occupied by CVS Pharmacy. The property is subject to an absolute NNN lease, placing operating responsibilities with the tenant and limiting landlord management obligations.

The lease includes a corporate guaranty and approximately 11 years remaining in its primary term. Five, five-year renewal options provide additional contractual extension periods. The Asheville property is offered for sale as a leased retail asset with a nationally recognized pharmacy tenant in place.

Key Highlights

  • 10,125 SF drug store occupied by CVS Pharmacy
  • Absolute NNN lease structure
  • Corporate guaranty supports the lease

Property Analytics

Current Use

Redbox Cinema CVS Pharmacy Pharmacy CVS Pharmacy UPS Access Point ... Courier Service CVS Photo (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Restaurant HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

534
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
6,849 visits/mo 0.4 miles
Valvoline Instant Oil Change Shops & Services
2,133 visits/mo 0.5 miles
Park National Bank Shops & Services
1,025 visits/mo 0.2 miles
Safelite AutoGlass Shops & Services
482 visits/mo 0.4 miles

Demographics for 28803, NC

34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Asheville Pro lash 1270 Hendersonville Rd, Asheville, NC 28803
  • CVS Pharmacy 1080 Hendersonville Rd, Asheville, NC 28803
  • Barbara M. Stone, RPH 1080 Hendersonville Rd, Asheville, NC 28803, United States
  • Wendy Yount 1080 Hendersonville Rd, Asheville, NC 288031835
  • Ali Ebrahimi 1080 Hendersonville Rd, Asheville, NC 288031835

Frequently Asked Questions

What type of property is this?
Drug store - Corporate-backed tenancy offers extended lease term with no landlord management obligations.
Where is this drug store located?
The property is located at 1080 Hendersonville Rd Asheville, NC.
What are key features of this property?
This property features: 10,125 SF drug store occupied by CVS Pharmacy; Absolute NNN lease structure; Corporate guaranty supports the lease
More about this property
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