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    5712 Castle Hayne Rd Castle Hayne, NC 28429

    Sponsored
    For Sale
    $3,718,095

    High-Yield NNN Lease in NC

    Property size:
    12,062 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fee-simple, 12,062 square foot CVS Pharmacy in Castle Hayne, NC. The property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $195,200. Situated on a 2.2-acre lot at a signalized intersection with high traffic volume (18,280 VPD), this single-tenant, absolute NNN lease offers significant long-term stability. The lease, with a corporate guarantee from a credit-rated tenant, commenced December 1, 2019, and extends for a total of 20 years, leaving 15 years remaining. Rent bumps are included in the lease structure, providing further income growth potential. The property benefits from its location within a rapidly growing area, with thousands of new residential units planned for development. Its proximity to a major employer, General Electric Aviation, further enhances its value. The absence of rent holidays and the 8 x 5-year lease options add to the investment's appeal. Built in 2007, this CVS Pharmacy is the only one within a five-mile radius, ensuring its continued success in serving the expanding community. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential.

    Property Features for 5712 Castle Hayne Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,062 SF
    Lot Size
    95,832 SF

    Building Details

    Year Built
    2007

    HighLights

    • Fee‑simple, 12,062 SF CVS Pharmacy in Castle Hayne, NC, with a 5.25% cap rate and $195,200 NOI.
    • Absolute NNN lease with 15+ years remaining, no rent holidays, and corporate guarantee from a BBB‑rated tenant.
    • Located on a signalized intersection with 18,280 VPD, in a rapidly growing area with new residential development and proximity to General Electric Aviation.
    • Circle K, directly across the street, recently expanded and signed a new 15‑year lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm CDReload - Online Bitcoin ... Crypto Atm CVS Photo Passport Photo Processor CDReload Instant Bitcoin Crypto Atm CVS Cosmetics Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castle Hayne
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8994673
    Latitude
    34.354034

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield NNN Lease in NC
    Where is this individual retail property 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 $3,718,095.
    What are key features of this property?
    This property features: Fee-simple, 12,062 SF CVS Pharmacy in Castle Hayne, NC, with a 5.25% cap rate and $195,200 NOI.; Absolute NNN lease with 15+ years remaining, no rent holidays, and corporate guarantee from a BBB-rated tenant.; Located on a signalized intersection with 18,280 VPD, in a rapidly growing area with new residential development and proximity to General Electric Aviation.
    Request Owner's contact information
    5712 Castle Hayne Rd Castle Hayne, NC 28429
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5712 Castle Hayne Rd Castle Hayne, NC 28429
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