Single-Tenant Drug Store Ground
3739 Nash Street North Wilson, NC 27896
3739 Nash Street North, Wilson, NC, 27896
Contact for pricing
For Sale
Contact for pricing
Single-tenant CVS drug store offered for sale as a ground lease investment.
Property Size10,125 SF
Price / SF$160.10
Days on Market63
Property Features for 3739 Nash Street North
General Information
- Standard status
- Active
- Size
- 10,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing agency
Matthews
(949) 300-4676
Listed by
Brandon Perez · License #CA 02106051
Source
Crexi
Added: May 22 Updated: Jul 23 at 2:13AM Checked: Jul 23 at 6:26AM
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 offering is a single-tenant CVS drug store ground lease investment, presented for sale. The property size is 10,125 square feet, and it is positioned as a long-term, income-focused retail asset tied to the existing CVS use.
The property is located at 3739 Nash Street North in Wilson, NC 27896. Per the public remarks, it is marketed as part of the area’s pharmaceutical hub.
All information provided pertains to the ground lease investment framing and the CVS drug store use, along with the stated property size and address.
The property is located at 3739 Nash Street North in Wilson, NC 27896. Per the public remarks, it is marketed as part of the area’s pharmaceutical hub.
All information provided pertains to the ground lease investment framing and the CVS drug store use, along with the stated property size and address.
Key Highlights
- Single‑tenant CVS drug store offered for sale as a ground lease investment
- Year built: 2004
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.3k | $18.00 |
| − Vacancy | −$14.6k | −$1.44 |
| EGI | $167.7k | $16.56 |
| − OpEx | −$41.9k | −$4.14 |
| NOI | $125.8k | $12.42 |
10,125 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,753 @ 7.0% cap · market cap 7.76%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $105,058 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,110 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Pharmacy
Annette H. Hill, ...
Pharmacy
CVS Pharmacy
Pharmacy
MoneyGram
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Annette H. Hill, RPh — 3739 Nash St N NW, Wilson, NC 27896
- CVS Pharmacy — 3739 Nash St NW, Wilson, NC 27896
- Realo Drugs — 3900 Nash St N, Wilson, NC 27896
- Perfect Imperfections By Kendall — 3475 Airport Blvd NW Suite E, Wilson, NC 27896
FAQs
What type of property is this?
Drug store - Single-tenant CVS drug store offered for sale as a ground lease investment.
Where is this drug store located?
The property is located at 3739 Nash Street North Wilson, NC.
What is the asking price?
The asking price for this property is $1,621,000.
What are key features of this property?
This property features: Single‑tenant CVS drug store offered for sale as a ground lease investment; Year built: 2004
