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CVS Zero Cash Flow | 8yrs Corp Abs NNN 395 Jackson St 12,900 SF Retail Building Newnan, GA 30263 $6,282,000 ($486.98/SF) 7% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease (S&P: BBB) | Options To Extend | Over 8 Years Remaining | 15+ Years of Operating History
- Signalized, Hard Corner Intersection | I-85 (71,000 VPD) | Nearby Developments - Tractor Supply & Newnan City Church
- Absolute NNN | Fee Simple Ownership | Landlord Responsibilities
- Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
- Nearby Major Healthcare Facilities | Dense Retail Corridor |University of West Georgia’s Newnan Campus (16,000 Students)
- Strong Demographics in 5-Mile Trade Area | Exponential Growth
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, CVS (S&P: BBB) investment property located in Newnan, Georgia (Atlanta MSA). CVS has been operating at the site for more than 15 years and the tenant has over 8 years of firm term remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed and includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction – see page 20 for more details. CVS Pharmacy is America’s leading retail pharmacy with more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, and a leading pharmacy benefits manager system with roughly 87 million plan members.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,900 SF
Building Class
C
Year Built
2010
Price
$6,282,000
Price Per SF
$486.98
Cap Rate
7%
NOI
$439,732
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.47 AC
Opportunity Zone
Yes
Zoning
CGN - General Commercial District
Parking
59 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 073-C-036A | Improvements Assessment | $821,388 |
| Land Assessment | $326,800 | Total Assessment | $1,148,188 |
Property Taxes
Parcel Number
073-C-036A
Land Assessment
$326,800
Improvements Assessment
$821,388
Total Assessment
$1,148,188
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CVS Zero Cash Flow | 8yrs Corp Abs NNN | 395 Jackson St
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