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1035 Lower Fayetteville Rd
Newnan, GA 30265
CVS · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Drug Store
Building Size
12,990 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.85 AC
Zoning
C3
Parking
68 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
265’ on Lower Fayetteville Rd

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

About 1035 LOWER FAYETTEVILLE RD , NEWNAN, GA 30265

The 12,990 square foot building is well located at the corner of a signalized intersection immediately off of Interstate 85 (37,167 VPD). The CVS property is located in a dominant retail corridor Publix, Kroger, Walmart, Lowe’s, Home Depot, BJ’s Wholesale, Kohl’s, Ross Dress for Less and TJMaxx. The property is also immediately across from Newnan Crossing, a 123 acre mixed used development with 300 apartments and townhomes. Additionally, the property is positioned near Ashley Park, a premier open-air center with 60+ upscale shops and restaurants with tenants including Best Buy, Dick’s Sporting Goods, American Eagle and a 14-screen Regal Cinemas. The CVS property is also positioned in an expansive medical corridor near Southeastern Regional Medical Center (371 beds), Piedmont Newnan Hospital (136 beds), and Encompass Health Rehabilitation Hospital of Newnan (50 beds). There are over 41,000 people living within three miles of the property and the property the population is projected to grow 9.25% in the next five years. CVS Pharmacy has over 13 remaining on their lease which expires January 31, 2033 and features ten 5-year renewal option periods. CVS Pharmacy is the nation's drugstore chain and total prescription revenue and operates 9,800+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is an investment grade rated company (S&P: BBB+) and publicly traded on the New York Stock Exchange using symbol “CVS”.

Property Taxes

Property Taxes

Parcel Number
SG9-727
Land Assessment
$290,110
Improvements Assessment
$847,679
Total Assessment
$1,137,788
  • Listing ID: 16455682

  • Date on Market: 6/26/2019

  • Last Updated:

  • Address: 1035 Lower Fayetteville Rd, Newnan, GA 30265

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