Listing Agency: Deerfield Partners

Listed By: Art Griffith · License #CA 01400709

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 3:45AM

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Investment Insights

Based on property information with market context.

This CVS drug store has been in operation at the location since 1998. The property includes a recent extension by CVS, and the lease structure features rent bumps along with a preferred five-year option structure. The lease also includes no rent holiday and an assignable roof warranty.

The property is located at 442 S Hwy 27 in Stanley, North Carolina.

The lease is backed by a full CVS Health Corporation guaranty.

Key Highlights

• CVS has been in operation at the location since 1998
• Lease includes a full CVS Health Corporation guaranty backing the rental income
• Lease structure includes preferred five‑year option and rent bumps

Property Analytics

Current Use

MinuteClinic at CVS Medical Clinic CVS (Bike/Boat/Book/etc) Store Ashley Rodgers, PharmD Pharmacy Brittany Chestnut Physician CVS Pharmacy Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Hair Salon Electrical Service

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

Location Intelligence

Trade Area within ½ mile

282

Businesses Nearby

66k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Shops & Services 49%

Dollar Tree Shops & Services

13,934 visits/mo 0.3 miles

Burger King Dining

12,241 visits/mo 0.5 miles

Wendy's Dining

11,242 visits/mo 0.3 miles

Hardee's Dining

7,417 visits/mo 0.4 miles

Dollar General Shops & Services

7,352 visits/mo 0.5 miles

Demographics for 28164, NC

14,903

Population

6,387

Households

2.3

Avg Household Size

45

Median Age

24%

College-Educated

91%

High-School Grad

41.0 sq mi

ZIP Area

363

Density / Sq Mi

$82,661

Median Household Income

$51,238

Median Earnings

$1,161

Median Rent

$268,800

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

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• CVS — 442 S Hwy 27, Stanley, NC 28164
• Sentry Drug Center — 110 E Dallas Rd, Stanley, NC 28164
• Ashley Rodgers, PharmD — 442 S Hwy 27, Stanley, NC 28164
• Cam Duong — 442 S Hwy 27, Stanley, NC 281642055
• Jennifer Pachick — 442 S Hwy 27, Stanley, NC 281642055

Frequently Asked Questions

What type of property is this?

Drug store - CVS has operated since 1998; the lease includes a CVS Health Corporation guaranty.

Where is this drug store located?

The property is located at 442 S Hwy 27 Stanley, NC.

What are key features of this property?

This property features: CVS has been in operation at the location since 1998; Lease includes a full CVS Health Corporation guaranty backing the rental income; Lease structure includes preferred five‑year option and rent bumps