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274 N Main St
Mooresville, NC 28115

$3,238,000 USD

Drugstore For Sale  •  9,208 SF

Property Details

• Property Type Drugstore
• Total Building Size 11,487 SF
• Lot Size 1.21 AC
• Year Built 1998
• Cap Rate 6.50 %
• Tenancy Single
• Zoning TD

40 Walk Score

Highlights

Corporately guaranteed by CVS Health Corporation (NYSE: CVS), market cap exceeding $120 billion.

±11 years remaining base term with five (5) 5-year options and 5% rental increases.

6.50% cap rate on $210,500 NOI; double net (NN) lease structure.

Average household income exceeds $120,000 within a 5-mile radius.

Annual population growth exceeding 2.5% within a 5-mile radius since 2020.

Highly visible Main Street location in historic downtown Mooresville with consistent foot traffic.

Cap Rate:

6.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
CVS Pharmacy

Public Transportation

Airport	Drive	Walk	Distance
Concord-Padgett Regional	30 min	-	17.2 mi
Charlotte/Douglas International	49 min	-	33.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes