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2720 Highway 42 N
Mcdonough, GA 30253
CVS Pharmacy | McDonough, GA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- PRIMARY TERM - 6.4 YEARS REMAINING - Primary Term expires 1/31/2032.
- SUBURB OF ATLANTA WITH STRONG DEMOGRAPHICS - Average Household Income in a 3-mile radius is $101,308 in a population of 896,882 in a 5-mile radius.
- EXCELLENT LOCATION - The property is located at the corner of a signalized intersection near numerous other national credit tenants.
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
- HIGH TRAFFIC COUNTS - 17,200 vehicles per day on Highway 42 N. runnning directly in front of CVS.
- CORPORATE GUARANTEE -The lease is corporate guaranteed by CVS Health Corporation.
EXECUTIVE SUMMARY
Price is inclusive of a full rent credit for the 3-Year rent holiday.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,974 SF
Building Class
B
Year Built
2006
Price
$3,275,757
Price Per SF
$252.49
Cap Rate
9.76%
NOI
$319,714
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.99 AC
Zoning
C2
Parking
40 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0069-01-008-012 | Improvements Assessment | $775,978 |
| Land Assessment | $253,622 | Total Assessment | $1,029,600 |
PROPERTY TAXES
Parcel Number
0069-01-008-012
Land Assessment
$253,622
Improvements Assessment
$775,978
Total Assessment
$1,029,600
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