Contacts
Property Details
- Property Type Other
- Lot Size 1.67 SF
- Date Updated Jun 8, 2025
6.25% 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 $3,041,600 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. The three properties can be purchased individually or as a portfolio.
Reach out to the broker for more info on lease terms and amenities
Getting around
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54/100
Walk Score ®
-
35/100
Bike Score ®
Location
- 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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Bramblewood
0.41 miles
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White Horse Black Mountain
0.43 miles
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Ingles
0.45 miles
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Hopey & Co. Grocery
1.41 miles
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Ledford's produce
4.24 miles
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Troyer's Country Amish Blatz
7.13 miles
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Round Mountain Creamery
7.55 miles
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Food Lion
7.74 miles
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Fairview Grocery
7.90 miles
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Fairview Feed
7.92 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.