817 Main St Danville, VA 24541

Listing agency SRS Real Estate Partners Newport Beach Show Phone

Listed by Jeff Gates · License #CA 01768554

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:06PM Checked: Jul 21 at 12:06PM

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Investment Insights

Based on property information with market context.

This CVS/pharmacy is offered on an absolute net leased basis, with a lease structure that calls for zero landlord obligations. The lease includes two consecutive five-year options set at 90% of prior rent, followed by eight additional five-year options at FMV. The agreement also provides a rent holiday for the last three years of the lease.

The property is located on a major commercial thoroughfare in Danville, Virginia, and it is nearby PATHS Community Medical Center.

For an investor seeking a pharmacy NNN position, this asset’s core terms are centered on the absolute net responsibility structure and the outlined renewal and rent holiday provisions.

Key Highlights

• Absolute net leased CVS/pharmacy offering in Danville, Virginia
• Lease structure includes zero landlord obligations
• Two 5‑year renewal options at 90% of prior rent

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Similar Off Market Nearby

• CVS Pharmacy — 817 W Main St, Danville, VA 24541

FAQs

What type of property is this?

Drug store - Absolute net leased CVS/pharmacy offering with a zero-landlord-obligation structure and multiple renewal options.

Where is this drug store located?

The property is located at 817 Main St Danville, VA.

What are key features of this property?

This property features: Absolute net leased CVS/pharmacy offering in Danville, Virginia; Lease structure includes zero landlord obligations; Two 5‑year renewal options at 90% of prior rent