Absolute NNN CVS
For Sale
Contact for pricing
Pending
817 Main St, Danville, VA 24541
Absolute net leased CVS/pharmacy offering with a zero-landlord-obligation structure and multiple renewal options.
Property SizeContact for details
Days on Market121
Property Features for 817 Main St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(415) 231-5231
Listed By:
Jeff Gates · License #CA 01768554
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 6:16AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This CVS/pharmacy is offered on an absolute net leased basis, with a lease structure that calls for zero landlord obligations. The lease includes two consecutive five-year options set at 90% of prior rent, followed by eight additional five-year options at FMV. The agreement also provides a rent holiday for the last three years of the lease.
The property is located on a major commercial thoroughfare in Danville, Virginia, and it is nearby PATHS Community Medical Center.
For an investor seeking a pharmacy NNN position, this asset’s core terms are centered on the absolute net responsibility structure and the outlined renewal and rent holiday provisions.
The property is located on a major commercial thoroughfare in Danville, Virginia, and it is nearby PATHS Community Medical Center.
For an investor seeking a pharmacy NNN position, this asset’s core terms are centered on the absolute net responsibility structure and the outlined renewal and rent holiday provisions.
Key Highlights
- Absolute net leased CVS/pharmacy offering in Danville, Virginia
- Lease structure includes zero landlord obligations
- Two 5‑year renewal options at 90% of prior rent
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
7,367 visits/mo
0.3 miles
Valero Energy
Shops & Services
2,729 visits/mo
0.3 miles
First National Bank
Shops & Services
1,541 visits/mo
0.3 miles
Demographics for 24541, VA
27,529
Population
14,506
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
87%
High-School Grad
75.2 sq mi
ZIP Area
366
Density / Sq Mi
$49,292
Median Household Income
$35,592
Median Earnings
$818
Median Rent
$134,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- CVS Pharmacy — 817 W Main St, Danville, VA 24541
Frequently Asked Questions
What type of property is this?
Drug store - Absolute net leased CVS/pharmacy offering with a zero-landlord-obligation structure and multiple renewal options.
Where is this drug store located?
The property is located at 817 Main St Danville, VA.
What are key features of this property?
This property features: Absolute net leased CVS/pharmacy offering in Danville, Virginia; Lease structure includes zero landlord obligations; Two 5‑year renewal options at 90% of prior rent
