Freestanding CVS Pharmacy
For Sale
Contact for pricing
Pending
2712 Peters Creek Rd, Roanoke, VA 24019
Absolute NNN CVS drug store with a new 15-year firm lease term and scheduled 5% rent increases.
Property Size11,970 SF
Days on Market115
Property Features for 2712 Peters Creek Rd
General Information
Standard status
Pending
Size
11,970 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
30,100 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Brandon Price · License #CA 01822998
Source:
Crexi
Added: Apr 12
Changed: Jul 20
Last Checked: Aug 4 at 1:08PM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
The subject property is an 11,970-square-foot CVS drug store offered for sale. CVS has a new 15-year firm lease term with lease structure that includes five percent rent increases between each of eight five-year renewal options. The lease is absolute NNN, providing for zero landlord responsibilities.
The property is located at the intersection of Peters Creek Road and Cove Road along a main retail corridor, directly across from City Line Square, a 64,900-square-foot retail center anchored by Food Lion. The site is described as a relocation from an inline CVS space previously occupied within City Line Square.
Access is provided via both traffic arteries with combined daily traffic counts in excess of 30,100 vehicles, supported by a densely populated trade area with over 42,000 residents within three miles and over 119,000 residents within five miles.
The property is located at the intersection of Peters Creek Road and Cove Road along a main retail corridor, directly across from City Line Square, a 64,900-square-foot retail center anchored by Food Lion. The site is described as a relocation from an inline CVS space previously occupied within City Line Square.
Access is provided via both traffic arteries with combined daily traffic counts in excess of 30,100 vehicles, supported by a densely populated trade area with over 42,000 residents within three miles and over 119,000 residents within five miles.
Key Highlights
- 11,970 SF CVS drug store in Roanoke, Virginia
- New 15‑year firm lease term with absolute NNN structure (zero landlord responsibilities)
- Lease includes scheduled 5% rent increases between each of eight 5‑year renewal options
Property Analytics
Current Use
Lease Details
30,100 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24019, VA
27,630
Population
12,373
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
30.2 sq mi
ZIP Area
915
Density / Sq Mi
$75,329
Median Household Income
$46,626
Median Earnings
$1,207
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- CVS Pharmacy — 2712 Peters Creek Rd, Roanoke, VA 24019
- James M. Smith, PharmD — 3631 Peters Creek Rd NW, Roanoke, VA 24019
- Amanda D. Gillum, PharmD — 3631 Peters Creek Road North West, Roanoke, VA 24019, Roanoke, VA 24019
- Stacy S. Shrewsbury, PharmD — 3631 Peters Creek Rd NW, Roanoke, VA 24019
- Barton Robbins, PharmD — 3631 Peters Creek Rd NW, Roanoke, VA 24019, United States
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN CVS drug store with a new 15-year firm lease term and scheduled 5% rent increases.
Where is this drug store located?
The property is located at 2712 Peters Creek Rd Roanoke, VA.
What are key features of this property?
This property features: 11,970 SF CVS drug store in Roanoke, Virginia; New 15‑year firm lease term with absolute NNN structure (zero landlord responsibilities); Lease includes scheduled 5% rent increases between each of eight 5‑year renewal options
