425 W. State Street Black Mountain, NC 28711
$ 3,488,073
Property Size:
10,213 sqft
Cap Rate:
$ 190,100
Lot Size:
1.67 sqft
  • The subject property boasts a long term absolute NNN Lease, with approximately 20 years of primary term remaining. Under an absolute NNN lease, the tenant is responsible for all operating expenses, taxes, insurance, and repairs and maintenance of the building and parking lot thus resulting in zero Landlord obligations.
  • CVS Pharmacy is owned by CVS Health Corporation (S&P: BBB) the largest retail pharmacy chain in the US. Headquartered in Woonsocket, RI. CVS is the largest pharmacy chain in the US with over 9,900 retail locations and more than 295,000 employees.
  • CVS is located at the signalized intersection of Cragmont Road and W State Street. W State Street is a major East-West arterial road in Black Mountain (8,300 VPD). CVS’s Drive-Thru window also provides additional value as Drive-Thru’s have been proven to increase sales.
  • The subject property is located in Black Mountain, NC, 15 miles from Asheville, on the eastern edge of Buncombe County, North Carolina. Black Mountain, NC has been ranked “One of the 50 Safest Towns in North Carolina” as well as the “Best Small Town in Western North Carolina.” Black Mountain is home to the corporate headquarters of Ingles Markets, Inc (NASDAQ: IMKTA).







The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Matt Berres
Executive Managing Director


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