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1400 Park Hill Dr
Gainesville, GA 30501
CVS · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease Structure: 15+ years remaining with no landlord responsibilities providing passive ownership
- Low Rent: Annual rental rate is well below the national average for similar drug store assets available
- Location: Positioned at a signalized hard corner in a growing market outside of Atlanta with average household incomes of $85,000 within 3 miles
- Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
- Historical Tenancy: The tenant has occupied the property for 20+ years showing a commitment to the local customer base
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,921 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.46 AC
Zoning
O-1
Parking
45 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 01-00079-02-013 | Improvements Assessment | $493,400 |
| Land Assessment | $597,400 | Total Assessment | $1,090,800 |
Property Taxes
Parcel Number
01-00079-02-013
Land Assessment
$597,400
Improvements Assessment
$493,400
Total Assessment
$1,090,800
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