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CVS Pharmacy Absolute NNN Lease 5421 New Jesup Hwy 13,650 SF Retail Building Brunswick, GA 31523 $3,408,333 ($249.69/SF) 6% Cap Rate
Investment Highlights
- Newly Extended Absolute NNN Lease
- Zero Landlord Obligations
- No Rent Holiday
- Below Market Rent
- 10% Increases in Rent at Each Option Top Performing
- Drive-Thru Location
Executive Summary
The Kase Group is pleased to present this single-tenant asset with a brand new NNN lease extension located at 5421 New Jesup Highway, Brunswick, GA. The property is fully leased to CVS Pharmacy, offering a stable, long-term passive income stream for investors.
The newly extended Absolute NNN lease shows commitment to the location with no rent holidays. The property offers a market rent of $204,500 annually. There are zero landlord obligations. The lease calls for four, 5-year options to renew with 10% increases in rent at each option.
The newly extended Absolute NNN lease shows commitment to the location with no rent holidays. The property offers a market rent of $204,500 annually. There are zero landlord obligations. The lease calls for four, 5-year options to renew with 10% increases in rent at each option.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
C
Year Built
2009
Price
$3,408,333
Price Per SF
$249.69
Cap Rate
6%
NOI
$204,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.74 AC
Zoning
Commercial - Commercial
Parking
65 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
279’ on New Jesup Hwy
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-22252 | Improvements Assessment | $526,760 |
| Land Assessment | $173,000 | Total Assessment | $699,760 |
Property Taxes
Parcel Number
03-22252
Land Assessment
$173,000
Improvements Assessment
$526,760
Total Assessment
$699,760
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CVS Pharmacy Absolute NNN Lease | 5421 New Jesup Hwy
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