CVS - Radford, VA

This single-tenant retail property, occupied by CVS, offers a compelling investment opportunity in Radford, VA. The 11,970 SF building, constructed in 2000, sits on a 1.90-acre parcel with excellent frontage along W Main Street and benefits from a traffic count of 18,635 vehicles per day. The site is fully leased to a creditworthy tenant with in-place rents of $10 PSF, significantly below the market average of $22 PSF, presenting a clear value-add opportunity upon lease renewal. The property is offered at a 6.25% cap rate, generating an in-place NOI of $125,000 annually.

Strategically located in a growing market, this asset is well-positioned to capture long-term demand. Its 100% occupancy and stable tenancy ensure immediate income for investors, while the below-market rent structure allows for potential upside. Offered at $167 PSF and $1,052,632 per acre, the property combines competitive pricing with strong fundamentals, appealing to both core and value-add investors seeking stable cash flow and potential rent growth.