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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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
703.787.4725
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
571.449.8234

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Highlights

  • 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

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

2620 Main Line Blvd
Alexandria, VA

Leigh ClineCVS Pharmacy