- For Sale $3,168,333
- Property Type Other
- Lot Size 1.67 SF
- Date Updated May 9, 2025
6% CAP RATE | ABSOLUTE NNN | +14 YEARS | NO RENT HOLIDAY
Colliers is pleased to present the opportunity to acquire an absolute NNN leased CVS Pharmacy with +14 years of remaining term and no rent holiday in Black Mountain, NC. The property was built in 1999 for CVS. In 2019, CVS agreed to a rare 20 year lease extension confirming CVS’s commitment to this trade area and building location. Attractively located in the low income tax, southern state of North Carolina, CVS is paying a modest annual rent of $190,100. The $3,168,333 price offers an investor a very high-credit corporate guarantee at a low price point rarely found in the market. The property is available debt-free.
The owner is currently offering for sale similar CVS properties in Padukah, KY and Gadsden, AL. Both with 20-year extensions in 2019, absolute NNN leases, no rent holidays and low-price points ranging from $2,851,667 and $3,718,333. The three properties can be purchased individually or as a portfolio.
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
-
Walk Score ®
54/100
Somewhat Walkable
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Bike Score ®
35/100
Somewhat Bikeable
- City Black Mountain, NC
- Zip Code 28711
- Market Asheville
Points of Interest
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Shell
0.41 miles
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Mobil
0.47 miles
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BP
0.50 miles
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GE WattStation
0.52 miles
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Ingles Gas Express
0.55 miles
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TriCo
0.68 miles
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Gas Express
4.60 miles
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Sunoco
5.68 miles
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Parking Lot
3.08 miles
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Catawba Falls Trailhead Parking Area
5.42 miles
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Old Fort Picnic Area
6.17 miles
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Staff Parking
6.35 miles
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Lower Carson Lot
6.45 miles
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Spidel and Carson Staff Lot
6.45 miles
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The Dust Bowl
6.52 miles
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Ballfield Lot
6.65 miles
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Craggy Dome Overlook
6.81 miles
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Shope Creek Trailhead Parking
7.01 miles
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Acorn Motel
0.18 miles
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The Monte Vista Hotel
0.20 miles
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Apple Blossom Motel
0.23 miles
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Hampton Inn Black Mountain
0.32 miles
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Quality Inn
0.57 miles
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Black Mountain Inn
0.58 miles
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Super 8 by Wyndham Black Mountain
0.83 miles
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Inn on Mill Creek
4.46 miles
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Holiday Inn Asheville East
7.90 miles
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Comfort Inn Tunnel Road East
7.90 miles
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Delicias Mexican Restaurant
0.08 miles
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Coach House Seafood & Steak
0.14 miles
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Dairy King
0.15 miles
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Thai Basil
0.33 miles
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Foothills Butcher Bar: Black Mountain
0.37 miles
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Que Sera
0.37 miles
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Louise's Kitchen
0.37 miles
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Trail Head Restaurant & Bar
0.38 miles
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North Fork Kitchen & Bar
0.39 miles
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My Father's Pizza & Pasta
0.39 miles
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Black Mountain Academy
0.05 miles
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Black Mountain Primary School
0.69 miles
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Black Mountain Middle School
0.91 miles
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Carver Optional Elementary School
1.83 miles
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Black Mountain College
2.38 miles
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Mountain Orphanage
2.43 miles
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Owen High School
2.72 miles
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Montreat College
2.80 miles
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Community High School
4.43 miles
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Swannann Middle School
4.60 miles
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Kathy's KiddieLand Child Care Center
0.74 miles
Frequently Asked Questions
The space currently listed for sale at For Sale | CVS | IMPROVED PRICING asks for $3,168,333.
For Sale | CVS | IMPROVED PRICING totals 10,213 square feet.
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