5712 Castle Hayne Rd Castle Hayne, NC 28429
Property profile & analytics
5712 Castle Hayne Rd Castle Hayne, NC 28429
- Drug stores
- 11,941 SF
- 1.87 lot acres
Property ID
US53-2130286
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
- CDReload - Online Bitcoin ATM / Atm / Money Transfer Service
- CVS Photo / (Bike/Boat/Book/etc) Store
- CDReload Instant Bitcoin / Crypto Atm
- CVS / Cosmetic Store
Property Details for 5712 Castle Hayne Rd
- Year built
- 2007
- Construction
- STEEL FRAME
- Lot size
- 1.87 lot acres
- Property size
- 11,941 SF
- Zone code
- B-2,BUSINESS DISTRICT
- Property type
- Drug stores
- APN
- R01113-005-005-000
- APU
- R01113005005000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,095,000
- ML approach
- $5,130,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,845,000
- 6.5%
- $2,625,000
- 7%
- $2,435,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,754,000
- AI Estimate
- $2,795,000
Market price range: $1.97M - $5.75MMarket price range: $697k - $2.80M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,825,000 Current use
- RESTAURANT
- $4,870,000 Change: +27% Conversion: Easy
- OFFICE BUILDING
- $3,990,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,820,000 Change: -0% Conversion: Difficult
- MEDICAL BUILDING
- $3,620,000 Change: -5% Conversion: Difficult
- WAREHOUSE, STORAGE
- $3,065,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Castle Hayne
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8994
- Latitude
- 34.3541
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,377
$158,600
$3,032,300
$3,190,900
-
$158,600
$3,032,300
$3,190,900
