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CVS Drug Store Ground Lease
For Sale
$3,672,232

2712 Peters Creek Road, Roanoke, VA 24019

Absolute net lease with zero landlord responsibilities for a CVS location along a primary retail corridor.

Property SizeContact for details
Days on Market152

Property Features for 2712 Peters Creek Road

General Information

Standard status Active
Property subtype Commercial
Lease Term ±5.65 YRS
Net Operating Income $284,598

Building Details

Year Built 2006
Listing Agency: Matthews
Listed By: Jack Perez · License #02236779 (CA)
Source: Matthews
Added: Apr 10 Changed: Sep 4 Last Checked: Sep 8 at 3:26AM

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 Matthews

Investment Insights

Based on property information with market context.

This is a CVS drug store relocation site offered on an absolute net basis providing for zero landlord responsibilities. CVS is a publicly traded company listed on the New York Stock Exchange under the ticker symbol “CVS,” with a current BBB+ credit rating by Standard & Poor’s and reported annual revenues in excess of $177 billion in 2016.

The property is located at the intersection of Peter’s Creek Road and Cove Road, positioned along a main retail corridor directly across from City Line Square. City Line Square is a 64,900 square foot retail center anchored by Food Lion.

The subject site represents a relocation from an inline space that CVS previously occupied within City Line Square.

Key Highlights

  • Absolute net lease with zero landlord responsibilities
  • CVS location at the intersection of Peter's Creek Road and Cove Road
  • Site is along a main retail corridor across from City Line Square (64,900 SF) anchored by Food Lion

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Parts Store Restaurant Hair Salon Dental Office

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

237
Businesses Nearby
Well-served
Demand for This Use

Demographics for 24019, VA

27,630
Population
12,373
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
30.2 sq mi
ZIP Area
915
Density / Sq Mi
$75,329
Median Household Income
$46,626
Median Earnings
$1,207
Median Rent
$237,900
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
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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

Frequently Asked Questions

What type of property is this?
Drug store - Absolute net lease with zero landlord responsibilities for a CVS location along a primary retail corridor.
Where is this drug store located?
The property is located at 2712 Peters Creek Road Roanoke, VA.
What is the asking price?
The asking price for this property is $3,672,232.
What are key features of this property?
This property features: Absolute net lease with zero landlord responsibilities; CVS location at the intersection of Peter's Creek Road and Cove Road; Site is along a main retail corridor across from City Line Square (64,900 SF) anchored by Food Lion
More about this property
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