2712 Peters Creek RdRoanoke, VA 24019

Property Details for 2712 Peters Creek Rd

Year built

2006

Lot size

2.28 AC

Property size (Sq ft)

11,975 SF

Property type

Other commercial real estate

APN

037.17-01-04.01-0000

APU

37170104010000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,503,794

  Hospitality

  $1,377,467

  Educational

  $1,146,036

  Medical

  $1,185,450

  Retail

  $1,782,723

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.3164

Longitude

-80.005

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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