2712 Peters Creek Rd Roanoke, VA 24019

Listing agency Cushman & Wakefield - San Diego, California p***@gmail.com

Listed by Brandon Price · License #CA 01822998

Source Crexi

Added: Apr 12 Updated: Jul 20 at 10:09PM Checked: Jul 21 at 9:47AM

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Investment Insights

Based on property information with market context.

The subject property is an 11,970-square-foot CVS drug store offered for sale. CVS has a new 15-year firm lease term with lease structure that includes five percent rent increases between each of eight five-year renewal options. The lease is absolute NNN, providing for zero landlord responsibilities.

The property is located at the intersection of Peters Creek Road and Cove Road along a main retail corridor, directly across from City Line Square, a 64,900-square-foot retail center anchored by Food Lion. The site is described as a relocation from an inline CVS space previously occupied within City Line Square.

Access is provided via both traffic arteries with combined daily traffic counts in excess of 30,100 vehicles, supported by a densely populated trade area with over 42,000 residents within three miles and over 119,000 residents within five miles.

Key Highlights

• 11,970 SF CVS drug store in Roanoke, Virginia
• New 15‑year firm lease term with absolute NNN structure (zero landlord responsibilities)
• Lease includes scheduled 5% rent increases between each of eight 5‑year renewal options

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Similar Off Market Nearby

• CVS Pharmacy — 2712 Peters Creek Rd, Roanoke, VA 24019
• James M. Smith, PharmD — 3631 Peters Creek Rd NW, Roanoke, VA 24019
• Amanda D. Gillum, PharmD — 3631 Peters Creek Road North West, Roanoke, VA 24019, Roanoke, VA 24019
• Stacy S. Shrewsbury, PharmD — 3631 Peters Creek Rd NW, Roanoke, VA 24019
• Barton Robbins, PharmD — 3631 Peters Creek Rd NW, Roanoke, VA 24019, United States

FAQs

What type of property is this?

Drug store - Absolute NNN CVS drug store with a new 15-year firm lease term and scheduled 5% rent increases.

Where is this drug store located?

The property is located at 2712 Peters Creek Rd Roanoke, VA.

What are key features of this property?

This property features: 11,970 SF CVS drug store in Roanoke, Virginia; New 15‑year firm lease term with absolute NNN structure (zero landlord responsibilities); Lease includes scheduled 5% rent increases between each of eight 5‑year renewal options