Available $6,290,916 - Retail - Single Tenant
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 2007 leaving approximately 14 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
- 1.5 MILES FROM ATLANTA METRO STUDIOS AND UNION STATION BUSINESS
Newly developed 195,000 square foot film and television studio and 988,000 square foot distribution facility occupied by DHL
- HARD CORNER LOCATION WITH DRIVE-THRU
Ideally positioned at the intersection of Buffington Road and Jonesboro Road
- LOCATED ALONG AREA’S MAIN AUTO MALL
Surrounded by auto dealerships including Audi, Jeep, Chrysler, Lexus, and more
THE SUBJECT PROPERTY IS A 13,225 SQUARE FOOT CVS LOCATED IN UNION CITY, GA. CVS SIGNED A 25 YEAR LEASE WHICH COMMENCED IN 2007, LEAVING OVER 14 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 $184 billion in 2017.
Located at the intersection of Buffington Road and Jonesboro Road, the subject property is positioned along one of the area’s main traffic arteries with daily traffic counts in excess of 28,300 vehicles. The site is located in the heart of the region’s auto mall with surrounding dealerships including Audi, Jeep, Chrysler, Lexus, Mitsubishi, Kia, Toyota and a number of others. The immediate area is continuing to experience rapid development and growth. The site is approximately a mile and a half from the newly developed Atlanta Metro Studios and Union Station Business Center, a 195,000 square foot movie and film studio and 988,000 square foot distribution facility occupied by DHL. This densely populated area is home to over 107,000 residents within a five mile radius.
- Price: $6,290,916
- Cap Rate: 6.44%
- Lease Term: 14 Years Remaining
- Year Built: 2007
- Building Size: 13,225 SF
- Lot Size: 1.637 Acres
- Status: Available