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CVS 330 E Greene St 8,470 SF Retail Building Monticello, GA 31064 $1,349,000 ($159.27/SF) 7.41% Cap Rate
Investment Highlights
- 8,470 SF retail/free standing building
- CVS exercised 5 year option starting November 2024; one remaining with a 10% rent increase
- Prime location in the City of Monticello, GA
- Lot size .91 acres
- Zoned Community Commercial
- Next national drug store is 17 miles away
Executive Summary
A 8,470 SF retail/free standing CVS drugstore building built in 1994. The property is zoned Community Commercial in the heart of Monticello, GA. CVS has shown a strong commitment to this location recently exercising a 5-year option starting in November 2024 with one more 5-year option remaining with a 10% rent increase. With 100% occupancy by stable tenants, this property guarantees immediate returns. Boasting ample parking, high visibility, and prominent signage opportunities. Its strong national tenant, vibrant location and versatile layout makes it an ideal choice for investors. The next closest national drugstore or big box is approximately 18 miles away.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,470 SF
Building Class
B
Year Built
1994
Price
$1,349,000
Price Per SF
$159.27
Cap Rate
7.41%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.95 AC
Zoning
002 - Community Commercial
Frontage
170’ on Greene St
Nearby Major Retailers
Property Taxes
| Parcel Number | M05A-048 | Improvements Assessment | $335,560 |
| Land Assessment | $173,960 | Total Assessment | $509,520 |
Property Taxes
Parcel Number
M05A-048
Land Assessment
$173,960
Improvements Assessment
$335,560
Total Assessment
$509,520
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CVS | 330 E Greene St
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