CVS Pharmacy – Oakwood, GA

  • Oakwood_sized

Available $5,581,270 - Retail - Single Tenant
Cap Rate:  6.48%Size:  12,788 SFTerm:  13 Years Remaining Print

 Investment Offering & Highlights

  • ABSOLUTE NET LEASE STRUCTURE
    Zero landlord responsibilities for operating or capital expenses
  • CORPORATE BACKED LONG TERM LEASE
    CVS signed a 25 year lease in 2006 leaving approximately 13 years remaining on the initial lease term
  • BBB CREDIT RATING BY STANDARD & POOR’S
    Tenant is publicly traded on the NYSE and reported annual revenues in excess of $184 billion in 2017
  • HARD CORNER LOCATION WITH DRIVE-THRU
    Ideally positioned at the intersection of Highway 53 and McEver Road (27,500 vpd)
  • APPROXIMATELY TWO MILES FROM UNIVERSITY OF GEORGIA’S GAINSVILLE CAMPUS
    Currently home to over 7,500 students and rapidly expanding
  • POSITIONED ALONG MAIN RETAIL CORRIDOR
    Surrounding retailers include Walmart Supercenter, Sam’s Club, Aldi, Tractor Supply and many more

Property Description

THE SUBJECT PROPERTY IS A 12,788 SQUARE FOOT CVS LOCATED IN NORMAN, OK.  CVS SIGNED A 25 YEAR LEASE WHICH COMMENCED IN 2006, LEAVING OVER 13 YEARS REMAINING ON THE TENANT’S INITIAL LEASE TERM.

The lease is absolute net providing for zero landlord responsibilities.  CVS, which is publicly traded on the New York Stock Exchange under the ticker symbol “CVS”, has a current BBB credit rating by Standard & Poor’s and reported annual revenues in excess of $209 billion in 2019.

Located at the intersection of Highway 53 and McEver Road, the subject property is positioned along two of the area’s main traffic corridors.  Combined daily traffic counts exceed 27,500 vehicles.  The property is positioned approximately two miles north of the University of North Georgia’s Gainesville Campus, home to over 7,500 students and rapidly expanding.  Other retailers in the area include Walmart Supercenter, Sam’s Club, Aldi, Tractor Supply, McDonald’s and many more.

Additional Details

  • Price: $5,581,270
  • Cap Rate: 6.48%
  • Lease Term: 13 Years Remaining
  • Year Built: 2006
  • Building Size: 12,788 SF
  • Lot Size: 1.86 Acres
  • Status: Available
Property Location