CVS Pharmacy Investment
For Sale
Contact for pricing
Pending
240 Sparta Rd, North Wilkesboro, NC 28659
NNN leased CVS Pharmacy with corporate guaranty and long-term income.
Property Size10,125 SF
Days on Market198
Property Features for 240 Sparta Rd
General Information
Standard status
Pending
Size
10,125 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$180,500
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 25 at 12:38PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28659, NC
20,588
Population
9,647
Households
2.1
Avg Household Size
43
Median Age
17%
College-Educated
79%
High-School Grad
100.6 sq mi
ZIP Area
205
Density / Sq Mi
$49,578
Median Household Income
$32,495
Median Earnings
$714
Median Rent
$151,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- CVS Pharmacy — 240 Sparta Rd, North Wilkesboro, NC 28659
- Diane S. Holchin, PharmD — 240 Sparta Rd, North Wilkesboro, NC 28659
Frequently Asked Questions
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.**
