DIVARIS ARRANGES CVS SALE

by admin

HARDY, VA. — Divaris Real Estate has arranged the sale of a 10,800-square-foot, freestanding retail property located at 12935 Booker T. Washington Highway in Hardy. The property is triple-net leased to CVS/pharmacy, which has 17 years remaining on its term. American Realty Capital acquired the property at a 6.76 percent cap rate. Brett McNamee of Divaris’s Richmond, Va., office represented the undisclosed seller.

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