5712 Castle Hayne Rd, Castle Hayne, NC 28429

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.