Listing Summary
We are pleased to present an exceptional investment opportunity with this premier CVS location in Newport News, Virginia. This property stands out with its Absolute Triple Net Lease (NNN)
Full Description
This property stands out with its Absolute Triple Net Lease (NNN), offering investors a secure, passive income stream with minimal management responsibilities. Nestled in the heart of Newport News, this CVS is strategically positioned in a high-traffic area, ensuring continuous visibility and foot traffic. Newport News is a dynamic city with a robust economy driven by a diverse range of sectors including maritime, defense, and technology. Its prime location along the I-64 corridor enhances accessibility, making it a pivotal hub for both local residents and commuters. The property benefits from a thriving demographic profile with a population of over 180,000 within a 10-mile radius. This diverse and growing community has a strong consumer base, bolstered by nearby residential neighborhoods, schools, and commercial developments. Newport News is known for its commitment to growth and revitalization, further strengthening the area's appeal as a prime investment destination. This CVS location operates under an Absolute Triple Net Lease, providing investors with unparalleled peace of mind. The lease structure ensures that all property expenses, including real estate taxes, insurance, and maintenance costs, are fully covered by the tenant. This arrangement maximizes your return on investment and minimizes your involvement in day-to-day property management. This CVS investment property in Newport News presents a rare opportunity for investors seeking a high-quality asset in a flourishing market. With its prime location, stable tenant, and secure lease structure, this property promises to be a valuable addition to any investment portfolio. Don’t miss out on this chance to capitalize on a premier retail asset with long-term growth potential.
Quick Glance
- Listing ID:
CL-Virginia-11738
- Status:
Active
- Year Build:
2009
- Building Size:
13,225 SqFt
- Lot Size:
N/A