Property Details

CVS Pharmacy

Alexandria, VA
Property ID: 15175

Financial Summary

Asking Price $11,800,000
Cap Rate 4.00%
Net Operating Income (NOI) $475,272
Lease Type NNN
Lease Term Remaining 15+ Years

Offering Memorandum

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Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group

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  • Located in National Landing (Potomac Yard), the planned North Alexandria neighborhood, home to Amazon HQ2, Virginia Tech Innovation Campus (1/2-mile away), and INVOA HealthPlex
  • Ground floor retail in The Landing Alexandria, a Silverstone Senior Living development
  • 30 dedicated parking spaces with direct elevator access
  • Investment grade rated tenant
  • Long-term NNN lease
  • Less than 1/2-mile to new Potomac Yard Metro Station (under construction)
  • COVID resistant, “Essential” retailer that has been resilient throughout the pandemic

Net Lease Advisor

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2620 Main Line Blvd
Alexandria, VA

Leigh ClineCVS Pharmacy