Single-Tenant Drug Store Ground
For Sale
$1,621,000
3739 Nash Street, Wilson, NC 27896
Single-tenant CVS drug store offered for sale as a ground lease investment.
Property Size10,125 SF
Days on Market101
Property Features for 3739 Nash Street
General Information
Standard status
Active
Size
10,125 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$85,085
Building Details
Building Size
10,125 SF
Year Built
2004
Listing Agency:
Matthews
Listed By:
Brandon Perez · License #02106051 (CA), 10401395154 (NY)
(949) 777-5984
Source:
Matthews
Added: May 27
Changed: Sep 3
Last Checked: Sep 4 at 2:04AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,753
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,515,060
$2.5M
Cap Rate 7%
$1,796,471
$1.8M
Cap Rate 9%
$1,397,256
$1.4M
Market Conditions
NOI Build-Up for 10,125 SF
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.
Gross rent
$182.3K $18.00/SF
− Vacancy
−$14.6K −$1.44/SF
EGI
$167.7K $16.56/SF
− OpEx
−$41.9K −$4.14/SF
NOI
$125.8K $12.42/SF
Area
Wilson County, NC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,515,060
Cap Rate 7%
$1,796,471
Cap Rate 9%
$1,397,256
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
101k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 29%
Shops & Services 26%
Home Improvements & Furnishings 1%
Food Lion Grocery Store
Groceries
29,544 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
23,319 visits/mo
0.1 miles
Taco Bell
Dining
11,536 visits/mo
0.1 miles
Exxon
Shops & Services
10,867 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,531 visits/mo
0.3 miles
Demographics for 27896, NC
20,683
Population
8,496
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
91%
High-School Grad
35.2 sq mi
ZIP Area
588
Density / Sq Mi
$67,893
Median Household Income
$44,339
Median Earnings
$1,093
Median Rent
$213,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Perfect Imperfections By Kendall — 3475 Airport Blvd NW Suite E, Wilson, NC 27896
- 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
Frequently Asked Questions
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 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
