CVS Pharmacy in Castle
5712 Castle Hayne Rd, Castle Hayne, NC 28429
Single tenant CVS Pharmacy with a 20-year lease extension.
Type:Industrial, Retail
Property size:
12,062 SFLot size:
2.20 AcresPrice / SF:
$302/SF- Added:
- Jan 5, 2026
- Days on Market:
- 172
- Last Refresh:
- May 12 at 10:02 pm
Property Features for 5712 Castle Hayne Rd
General Information
- Standard status
- Active
- Size
- 12,062 SF
- Lot size
- 2.20 Acres
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 2007
Listing office Transwestern
Listing date Jan 5, 2026
Source Crexi
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 Transwestern
HighLights
- Absolute NNN lease with a rare 20‑year extension signed in 2019 (no rent holiday).
- Located at a signalized intersection with strong traffic counts.
- CVS is the only pharmacy within a five‑mile radius.
- Significant population boom in the immediate area with thousands of residential units proposed.
- Close proximity (2.8 miles) to the General Electric Aviation facility undergoing a $22M expansion.
- CVS is a Fortune 500 company (#6) with strong earnings.
Overview
This single-tenant CVS Pharmacy property is available for sale in Castle Hayne, NC. The property includes an absolute NNN lease with no rent holiday, extended in 2019 for 20 years. Situated on 2.20 acres at a signalized intersection with high traffic volume, the location benefits from significant population growth in the surrounding area, with thousands of residential units planned for future development. As the only pharmacy within a five-mile radius, the CVS is positioned to benefit from the increasing population. The property is located 2.8 miles from the General Electric Aviation facility, which is undergoing a $22 million expansion and is approved to handle higher enrichment level fuels, making it the first commercial facility in the US with this license. The building size is 12,062 square feet.
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 | $250.4k | $20.76 |
| − Vacancy | −$4.3k | −$0.35 |
| EGI | $246.2k | $20.41 |
| − OpEx | −$61.5k | −$5.10 |
| NOI | $184.6k | $15.31 |
12,062 SF · lease $20.76/SF/yr · vacancy 1.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,613 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$2.46M
$2.15M – $2.87M
NOI $172,305 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$3.91M
$3.43M – $4.57M
NOI $274,043 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
CDReload - Online Bitcoin ...
Atm
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload Instant Bitcoin
Crypto Atm
CVS
Cosmetic Store
Similar Places Nearby
- Glynn Littleton — 5712 Castle Hayne Rd, Castle Hayne, NC 284295112
- CVS Pharmacy — 5712 Castle Hayne Rd, Castle Hayne, NC 28429
- Winifred H. Amox, PharmD — 5712 Castle Hayne Rd, Castle Hayne, NC 28429
- Charles M. Wilson, RPH — 5712 Castle Hayne Rd, Castle Hayne, NC 28429
Location Insight
- Map
- Local Demand
- City
- Castle Hayne
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.899395
- Latitude
- 34.354058
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single tenant CVS Pharmacy with a 20-year lease extension.
Where is this drug store located?
The property is located at 5712 Castle Hayne Rd Castle Hayne, NC.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Absolute NNN lease with a rare 20‑year extension signed in 2019 (no rent holiday).; Located at a **signalized intersection with strong traffic counts.**; CVS is the only pharmacy within a five‑mile radius.
