CVS Pharmacy | Low Rent & Price Point — Sale in Floyd, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Floyd, VA 24091

Investment Figures

Cap rate
7.16%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is pleased to present 709 E Main St, Floyd, VA. It is a single-tenant net-leased retail investment occupied by Virginia CVS Pharmacy, L.L.C., a nationally recognized pharmacy operator that has served the Floyd market since 2017. The approximately 7,700-square-foot freestanding building sits on East Main Street, the town’s primary commercial corridor, offering strong visibility and convenient access in the county seat of Floyd County. The property is 100% occupied under a net lease with minimal landlord responsibilities, providing investors with stable, passive income. The current lease term runs through October 31, 2031, with six 3-year renewal options featuring 5% rent increases, supporting long-term income growth. This offering presents an opportunity to acquire a net-lease investment backed by an essential-service retailer in a supply-constrained, service-oriented rural market. Investment Highlights: • * This pharmacy is located in the county seat of Floyd County, Virginia, serving the local area with limited competition • * CVS Health is a nationally credited tenant with a BBB rating • * Repairs to the roof, HVAC, siding, and gutters were recently completed

Market Context

This retail in Floyd, VA is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Floyd, VA — view the full market.

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