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Re-Priced CVS in Options | 24-Hr | Macon GA 1271 Gray Hwy 10,260 SF Retail Building Macon-Bibb, GA 31211 $4,707,000 ($458.77/SF) 5.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Top Performing CVS Nationally
- Tenant in options with 5% escalations every 5-years
- Trade area from Atlanta to Savannah
- Low rent of $21 PSF
- Two large pylon signs
EXECUTIVE SUMMARY
This CVS benefits from strong sales and high foot traffic thanks to its 24-hour operation, prime location near a recently reconstructed highway interchange, and close proximity to a Walmart Supercenter. The substantial trade area and frequent visitation make lease renewal highly likely. The lease is in options with 5% annual escalations. Full co-brokerage agreement in place.
LOCATION SUMMARY
Situated just north of the upgraded intersection of Interstate Highways 16 and 75, and south of a Walmart Supercenter, this property offers convenient access for travelers coming from outside the immediate region, as shown in the trade area map. The CVS attracts customers from as far as Atlanta to Savannah.
Macon-Bibb County has been named a "Top 10 Metro City" by Site Selection Magazine, with over $1 billion in private investment expected in 2024, projected to grow by 3.5% over the next five years and 7.6% over the next decade.
Nearby retailers include AutoZone, Ross Dress for Less, Walmart Supercenter, Papa John’s, Waffle House, Captain D’s, Burger King, Crystal Dairy Queen, Wendy’s, Arby’s, Taco Bell, Dunkin’ Donuts, and O’Reilly Auto Parts.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$218,230
|
$21.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$218,230
|
$21.27
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $218,230 |
| Annual Per SF | $21.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $218,230 |
| Annual Per SF | $21.27 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 10,260 SF
- $21.27
- Triple Net
- Mar 2029
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 10,260 SF | $21.27 | Triple Net | Mar 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R064-0148 | Improvements Assessment | $490,952 (2025) |
| Land Assessment | $200,596 (2025) | Total Assessment | $691,548 (2025) |
PROPERTY TAXES
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Re-Priced CVS in Options | 24-Hr | Macon GA | 1271 Gray Hwy
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