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    400 Riverside Dr Collinsville, VA

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    For Sale
    $2,290,000

    NNN leased CVS with 15 years remaining in Collinsville.

    Property size:
    13,049 SF
    Lot size:
    1.80 Acres

    Property Features for 400 Riverside Dr

    General Information

    Size
    13,049 SF
    Lot size
    1.80 Acres

    Source: Furman Capital Advisors Agent Robert Schmidt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Collinsville CVS Investment Opportunity

    This property is an absolute NNN leased investment opportunity with zero landlord responsibilities. The lease has approximately 15 years remaining, with an additional 40 years available in option periods. The tenant, CVS, is an established retail pharmaceutical provider with over 9,000 locations throughout the United States and 2024 revenues exceeding $372 billion. The property is located approximately 1,000 feet from the Stanleytown Health & Rehabilitation center (120 beds) and approximately 0.5 miles from Bassett High School, positioning it to serve the pharmaceutical needs of the Basset area. The location benefits from approximately 259,000 annual visitors, according to Placer.ai data from 2024, providing customer exposure and in-store engagement. The property size is 13,049 square feet.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Similar Places Nearby

    CVS Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, Leslie Goad, Walgreens Pharmacy

    Map

    City
    Collinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.9136731
    Latitude
    36.7240046

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    FAQs

    What type of property is this?
    Drug store - NNN leased CVS with 15 years remaining in Collinsville.
    Where is this drug store located?
    The property is located at 400 Riverside Dr Collinsville, VA.
    What is the asking price?
    The asking price for this property is $2,290,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease with ZERO landlord responsibilities.; - Approximately 15 years remaining on the lease, with an additional 40 years in option periods.; - Strong Foot Traffic: Approximately 259,000 annual visitors (Placer.ai, 2024).
    (864) 678-5995
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Riverside Dr Collinsville, VA
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