CVS Pharmacy Investment
240 Sparta Rd, North Wilkesboro, NC 28659
NNN leased CVS Pharmacy with corporate guaranty and long-term income.
Type:Retail
Property size:
10,125 SFPrice / SF:
$254/SF- Added:
- Jan 26, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 240 Sparta Rd
General Information
- Standard status
- Active
- Size
- 10,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agent Caroline Pinkston License #TX 601565
Listing office JLL - Dallas | Cedar Springs, Texas
Listing date Jan 26, 2026
Source Crexi
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 JLL - Dallas | Cedar Springs, Texas
HighLights
- Long‑term, passive income stream secured by a corporate guaranty from CVS Pharmacy (S&P: BBB).
- Approximately 12.8 years of primary lease term remaining with five (5) five‑year renewal options.
- Strategic hard‑corner location at a signalized intersection with high visibility and access to over 15,500 vehicles per day.
- Strong CVS lease with 10% rent escalations in the first two 5‑year option periods.
- Established operating history of 26 years at this location.
- Located in a growing regional area with recent job growth and planned commercial development.
Overview
The property is a CVS Pharmacy located at the hard corner, signalized intersection of Sparta Road, Fairplains Road, and Mountain View Road in North Wilkesboro, NC. CVS operates under a NN lease with approximately 12.8 years of primary lease term remaining, five (5) five-year renewal options, and a corporate guaranty. The first two 5-year option periods have 10% rent escalations. The property benefits from visibility and access to more than 15,500 vehicles per day and has had a long operating history of 26 years. The asset is strategically positioned 3.5 miles from downtown. The property is well-situated in a growing regional area thanks to the growth of North Wilkesboro and Western NC, which saw the announcement of 1,000 new jobs this year. The market is expected to add many new commercial sites including a 22 acres site on River Road and the construction for the new terminal building at the Wilkes County Airport. CVS Pharmacy, L.L.C (NYSE: CVS; S&P: BBB) is a leading healthcare services and retail pharmacy chain headquartered in Woonsocket, Rhode Island. CVS operates a nationwide network serving millions of customers through pharmacy benefit management, retail pharmacy locations, and a range of health services. With approximately $391.7 billion in TTM September 2025 revenue, over 300k+ employees, and more than 9,000 stores, CVS maintains a significant presence in the healthcare and retail pharmacy sectors. The property has a size of 10125 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload Instant Bitcoin
Crypto Atm
CVS
Pharmacy
MoneyGram
Bank
Coinhub Bitcoin ATM ...
Atm
Location Insight
- Map
- Local Demand
- City
- North Wilkesboro
- County
- Wilkes
- State
- North Carolina
- Longitude
- -81.151716
- Latitude
- 36.197284
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased CVS Pharmacy with corporate guaranty and long-term income.
Where is this drug store located?
The property is located at 240 Sparta Rd North Wilkesboro, NC.
What is the asking price?
The asking price for this property is $2,579,000.
What are key features of this property?
This property features: Long‑term, passive income stream secured by a corporate guaranty from CVS Pharmacy (S&P: BBB).; Approximately 12.8 years of primary lease term remaining with five (5) five‑year renewal options.; **Strategic hard‑corner location at a signalized intersection with high visibility and access to over 15,500 vehicles per day.**
