NNN Pharmacy
1895 East Fire Tower Road, Greenville, NC 27858
For Sale
Contact for pricing
A single-tenant CVS location has a long-term lease with multiple renewal options.
Property Size9,091 SF
Lot Size1.39 Acres
Price / SF$316.25
Days on Market18
Property Features for 1895 East Fire Tower Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Net Leased Advisors
Listed By:
Matt Ragland · License #TX 646825
(512) 410-7719
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 5:54PM
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 Net Leased Advisors
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Investment Insights
Based on property information with market context.
This single-tenant CVS pharmacy occupies a 9,091-square-foot building constructed in 2000 on a 1.39-acre site. The lease has 11 years remaining and includes ten 5-year renewal options.
The property is at 1895 East Fire Tower Road in Greenville, at the signalized intersection of East Fire Tower Road and East Arlington Boulevard. The intersection carries approximately 40,000 vehicles per day. Nearby national retailers and restaurants include Walmart, Lidl, Harris Teeter, Sheetz, Arby’s, Wendy’s, and Jersey Mike’s.
The property is at 1895 East Fire Tower Road in Greenville, at the signalized intersection of East Fire Tower Road and East Arlington Boulevard. The intersection carries approximately 40,000 vehicles per day. Nearby national retailers and restaurants include Walmart, Lidl, Harris Teeter, Sheetz, Arby’s, Wendy’s, and Jersey Mike’s.
Key Highlights
- Single‑tenant CVS pharmacy with 11 years remaining on the lease
- Ten 5‑year renewal options
- 9,091‑square‑foot building constructed in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,574
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,351,480
$2.4M
Cap Rate 7%
$1,679,629
$1.7M
Cap Rate 9%
$1,306,378
$1.3M
Market Conditions
NOI Build-Up for 9,091 SF
Gross rent
$163.6K $18.00/SF
− Vacancy
−$6.9K −$0.76/SF
EGI
$156.8K $17.24/SF
− OpEx
−$39.2K −$4.31/SF
NOI
$117.6K $12.93/SF
Area
Pitt County, NC
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,351,480
Cap Rate 7%
$1,679,629
Cap Rate 9%
$1,306,378
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,574 @ 7.0% cap · market cap 4.09%
Second Best
Retail
$1.10M
$962.9K – $1.28M
NOI $77,029 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,529 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
40,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
378k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 28%
Leisure 9%
Shops & Services 8%
Walmart Neighborhood Market
Groceries
35,697 visits/mo
0.1 miles
Amc Fire Tower 12
Leisure
33,477 visits/mo
0.3 miles
Food Lion Grocery Store
Groceries
28,935 visits/mo
0.2 miles
Harris Teeter
Groceries
28,891 visits/mo
0.5 miles
McDonald's
Dining
28,850 visits/mo
0.3 miles
Demographics for 27858, NC
52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A single-tenant CVS location has a long-term lease with multiple renewal options.
Where is this nnn property located?
The property is located at 1895 East Fire Tower Road Greenville, NC.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Single‑tenant CVS pharmacy with 11 years remaining on the lease; Ten 5‑year renewal options; 9,091‑square‑foot building constructed in 2000
