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3590 Virginia Avenue
Collinsville, VA 24078
Asking Price
$3.76M
Cap Rate
6.5%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Absolute Net Lease | Large Parcel | New 15-Year Lease Extension <p>• Great access & visibility from signalized corner intersection | Virginia Ave & King Mountain Rd | 36,000 VPD combined</p><p>• New 15 Year Lease Extension | Showing tenant commitment to the site | Leased since 2008</p><p>• Absolute Net Lease | Zero landlord responsibilities</p><p>• Corporate lease | Walgreen Co | 8,886+ locations across the US</p><p>• Top 74th percentile of Walgreens in Virginia per Placer.ai</p><p>• Large parcel | 1.59 acres</p><p>• 13 minutes from Sovah Health - Martinsvil
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NOI
$80,000
Cap Rate
2.13%
DSCR
0.36
Underwater
Cash-on-Cash
-12.70%
Monthly Payment
$18,612.323
Annual Cash Flow
$-143,347.881
