•	The tenant signed a recent lease extension leaving them with 6+ years of term and 6 (3-year) options to extend
•	The lease features 5% rental increases at the beginning of each option to extend, steadily growing the asset’s NOI and providing a hedge against inflation
•	Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
•	Landlord responsibilities limited to roof, structure, HVAC, and electrical systems
•	Ideal, management-free investment for a passive investor

Offering Memorandum

•	The asset is strategically fronting East Main Street averaging 11,000 VPD
•	2017 remodel that feature high quality materials, distinct design elements, and high-level finishes
•	The nearby retailers include Food Lion, Dollar General, NAPA Auto Parts, and more
•	The site has excellent visibility via street frontage and multiple points of access
•	The AHHI within a 10-mile radius of the subject property exceeds $71,505
•	There are 3,675 daytime employees and a population of 12,031

Floyd, VA - CVS Pharmacy

a28TP000000HC4nYAG - 1741203750762 -0

a28TP000000HC4nYAG - 1741203750763 -1

a28TP000000HC4nYAG - 1741203750763 -2

a28TP000000HC4nYAG - 1741203750763 -3

a28TP000000HC4nYAG - 1741203750763 -4

a28TP000000HC4nYAG - 1741203750763 -5

a28TP000000HC4nYAG - 1741203750764 -6

a28TP000000HC4nYAG - 1741203750764 -7

a28TP000000HC4nYAG - 1741203750764 -8

a28TP000000HC4nYAG - 1741203750764 -9

<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Lana Caravello

Sr Operations Transaction Analyst

Retail

Industrial

Net Lease Investments

National Multi-Tenant Advisory

1031 Exchange

Sale Leaseback

Debt & Equity

Franchise M&A

Advisory

Capital Markets

Land

Office

Multifamily

Hospitality

Special Purpose

For Sale Or Lease

Investment Sale

Properties

By Name

By Location

By Service

By Team

People

National Net Lease

SRS Industrial

Team

Locations

People & Locations

Search

Primary Navigation

Sold

Floyd, VA - CVS Pharmacy

Description

Location

Demographics

Traffic Counts

Contact

Andrew Fallon

Philip Wellde