1172 Milford Church Rd SW
Marietta, GA 30060
CVS Pharmacy | Marietta, GA · Retail Property For Sale

The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances. Landlord is responsible for maintaining, repairing and replacing the Roof and Structure. There are three (3.8) years remaining on the lease term, plus one (1), five (5) year option. The tenant is in its second option, and the lease provides for a 30% rental increase at the next option period. The lease is guaranteed by CVS Corporation. The property is situated on the hard signalized corner of Milford Church Rd. and Austell Rd., which report strong traffic counts. CVS is surrounded by several popular retailers including Walmart, Subway, Marshalls, Lowe’s and Target, among others. The subject property is located just 25 miles from the Hartfield-Jackson Atlanta International Airport, the world’s busiest and most efficient airport servicing over 96 million passengers annually. The National Civic League judged Marietta as one of the 10 best communities in the nation as a 2006 All-America City, the oldest and most-respected community recognition award in the country. Marietta is the largest city and county seat of Cobb County, which has become one of the fastest growing economically robust counties in Georgia. The City of Marietta is currently home to 20.2 million square feet of retail space and 209 major retail centers.