Skip to main content

Drug Store

CVS | No Rent Holiday

2098 GA-20, McDonough, GA 30253

Listing Price: $5,132,000

Cap Rate
8.00%
Tenant Name
CVS
Years Remaining On Lease
7.8
Gross SF
13,013
Guarantor
Corporate Guarantee
Rentable SF
13,013
Price/Gross SF
$394.37
Lease Type
Absolute Net
Rent Per Square Feet
$31.55

Investment Overview

Long-Term Absolute NNN Lease
• No Landlord management or maintenance obligations whatsoever
Well-Established Retail Pharmacy with 17+ Years at Location
• The subject CVS/pharmacy has operated at this location for over 17-years and is open 7-days per week
Building Equipped with Critical Drive-Through Lane & Pick-up Window
• The subject property benefits from a critical wrap around drive-through lane and pick-up window with excellent access and visibility
CVS/pharmacy | 9,000+ Locations | Rated “BBB” by Standard & Poors
Publicly traded retail and healthcare company (NYSE: CVS) with a market capitalization of $81 Billion
Carries an “investment grade” credit rating of “BBB” by Standard & Poors
Annual revenue exceeding $372 Billion
CVS Caremark - proprietary pharmacy benefits manager (PBM)
Surrounded by National Retailers and Industrial Business Parks
The subject is adjacent to The Shops at Westridge: a Publix-anchored shopping center comprised of over 72,000 SF
Situated across from over 4 Million SF of manufacturing and distribution facilities: Buffalo Blue, Home Depot, John Deere, Kimberly-Clark, Georgia-Pacific and many more
Across from The Canopy at Westridge - a newly constructed and premier assisted living and memory care facility
Strong Demographics in the Region with Avg. HHI of $85,702 (1-Mile)
• Affluent Atlanta MSA suburb located just 30 miles from Downtown Atlanta
• Expanding area with over 5% annual population growth from 2000-2024 (1-mile radius) and over 28,000 households within a 5-mile radius

Investment Highlights

  • Absolute NNN Lease | Over 8-Years Remaining
  • Well-Established Retail Pharmacy with 17-Years at Location
  • Prominent 4-Way Signalized Corner Location

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Drug Store

CVS | No Rent Holiday

Listing Price: $5,132,000

Cap Rate
8.00%
Tenant Name
CVS
Years Remaining On Lease
7.8
Gross SF
13,013
Guarantor
Corporate Guarantee
Rentable SF
13,013
Price/Gross SF
$394.37
Lease Type
Absolute Net
Rent Per Square Feet
$31.55

Investment Highlights

  • Absolute NNN Lease | Over 8-Years Remaining
  • Well-Established Retail Pharmacy with 17-Years at Location
  • Prominent 4-Way Signalized Corner Location

Investment Overview

Long-Term Absolute NNN Lease • No Landlord management or maintenance obligations whatsoever Well-Established Retail Pharmacy with 17+ Years at Location • The subject CVS/pharmacy has operated at this location for over 17-years and is open 7-days per week Building Equipped with Critical Drive-Through Lane & Pick-up Window • The subject property benefits from a critical wrap around drive-through lane and pick-up window with excellent access and visibility CVS/pharmacy | 9,000+ Locations | Rated “BBB” by Standard & Poors Publicly traded retail and healthcare company (NYSE: CVS) with a market capitalization of $81 Billion Carries an “investment grade” credit rating of “BBB” by Standard & Poors Annual revenue exceeding $372 Billion CVS Caremark - proprietary pharmacy benefits manager (PBM) Surrounded by National Retailers and Industrial Business Parks The subject is adjacent to The Shops at Westridge: a Publix-anchored shopping center comprised of over 72,000 SF Situated across from over 4 Million SF of manufacturing and distribution facilities: Buffalo Blue, Home Depot, John Deere, Kimberly-Clark, Georgia-Pacific and many more Across from The Canopy at Westridge - a newly constructed and premier assisted living and memory care facility Strong Demographics in the Region with Avg. HHI of $85,702 (1-Mile) • Affluent Atlanta MSA suburb located just 30 miles from Downtown Atlanta • Expanding area with over 5% annual population growth from 2000-2024 (1-mile radius) and over 28,000 households within a 5-mile radius

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower