For Sale
$1,115,136
129 Nine Foot RdNewport, NC 28570
High-yield retail pharmacy, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- 2,834 SF CVS Pharmacy in high-traffic retail corridor with Walmart, Food Lion, and other national tenants.
- Investment-grade tenant: CVS, ranked #5 on the Fortune 500.
- Lease extension begins December 1, 2024, with a 10% rent increase.
- Favorable option structure with 10% rent increases in subsequent option periods.
- High-volume pharmacy with limited competition (only national brand pharmacy within 10 miles).
- Strong cap rate of 6.25% and NOI of $69,696.
Property Details for 129 Nine Foot Rd
- Property type
- Retail properties, Drug stores
- Square Feet
- 2,834 SF
- Year Built
- 2011
Location Insight
- City
- Newport
- County
- Carteret
- State
- North Carolina
- Latitude
- 34.788966176695
- Longitude
- -76.877245504755
129 Nine Foot Rd, Newport, North Carolina
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