2712 Peters Creek RdRoanoke, VA 24019

This exceptional investment opportunity presents a fee-simple, absolute NNN leased CVS Pharmacy in Roanoke, VA. The property boasts 11,970 square feet on a 2.28-acre lot, built in 2006. The current lease, with a remaining term of 7.2 years (expiring 01/31/2032), includes ten 5-year renewal options, ensuring long-term stability. The tenant, CVS Pharmacy, a publicly traded company with a BBB credit rating from S&P, enjoys a strong financial position, reporting over $322 billion in annual revenue in 2022. This relocation site benefits from a hard corner location with a drive-thru, situated along major traffic arteries with combined daily traffic exceeding 30,100 vehicles. The property's strategic placement across from a 64,900 square foot retail center anchored by Food Lion, and proximity to other national retailers, ensures high visibility and strong foot traffic. The densely populated area, with over 42,000 residents within a three-mile radius and over 119,000 within five miles, provides a substantial customer base. The asking price is $4,065,626, representing a 7.00% cap rate and a NOI of $284,594. This is a truly exceptional, low-maintenance investment opportunity with significant upside potential. The property is located at 2712 Peters Creek Rd, Roanoke, VA 24019.