Skip to main content

Drug Store

CVS/pharmacy I Low Rent Unit I Recent Lease Extension

506 E 3rd St, Jackson, GA 30233

Listing Price: $2,904,900

Cap Rate
6.10%
Tenant Name
CVS/pharmacy
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Absolute Net
Rent Per Square Feet
$17.50

Investment Overview

Absolute NNN CVS/pharmacy Located at the Four-Way Signalized Intersection of Covington Street and East 3rd Street with Over 22,000 Vehicles Passing Daily. CVS/pharmacy has Occupied This Site Since 1999 and Recently Exercised Its First 5-Year Renewal Option Demonstrating Tenant Commitment to this High Volume Unit. With Rent at Just $177,197 Annually ($17.50 Per Square Foot), This Asset is One of the Lowest Priced CVS Properties Available for Purchase Providing Elevated Investor Security. This CVS/pharmacy Benefits from Extremely Limited Pharmacy Competition with No Alternative CVS Nearby and the Closest Walgreens Roughly 25 Minutes Northwest. Subject Property is Positioned Near Many of the Nation’s Most Successful Retailers Including McDonald’s, Taco Bell, AutoZone, Burger King, and Advance Auto Parts, Among Many Others. Lease Corporately Guaranteed by CVS Health, the 4th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB and Over $268 Billion in Total Revenue (2020).

Investment Highlights

  • Absolute NNN CVS/pharmacy Located at the Four-Way Signalized Intersection of Covington Street and East 3rd Street with Over 22,000 Vehicles Passing Daily.
  • CVS/pharmacy Has Occupied This Site Since 1999 and Recently Exercised Its First 5-Year Renewal Option Demonstrating Tenant Commitment to this High Volume Unit.
  • With Rent at Just $177,197 Annually ($17.50 Per Square Foot), This Asset is One of the Lowest Priced CVS Properties Available for Purchase Providing Elevated Investor Security.
  • This CVS/pharmacy Benefits from Extremely Limited Pharmacy Competition with No Alternative CVS Nearby and the Closest Walgreens Roughly 25 Minutes Northwest.
  • Subject Property is Positioned Near Many of the Nation's Most Successful Retailers Including McDonald's, Taco Bell, AutoZone, Burger King, and Advance Auto Parts, Among Many Others.
  • Lease Corporately Guaranteed by CVS Health, the 4th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB and Over $268 Billion in Total Revenue (2020).

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/pharmacy I Low Rent Unit I Recent Lease Extension

Listing Price: $2,904,900

Cap Rate
6.10%
Tenant Name
CVS/pharmacy
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
10,125
Lease Type
Absolute Net
Rent Per Square Feet
$17.50

Investment Highlights

  • Absolute NNN CVS/pharmacy Located at the Four-Way Signalized Intersection of Covington Street and East 3rd Street with Over 22,000 Vehicles Passing Daily.
  • CVS/pharmacy Has Occupied This Site Since 1999 and Recently Exercised Its First 5-Year Renewal Option Demonstrating Tenant Commitment to this High Volume Unit.
  • With Rent at Just $177,197 Annually ($17.50 Per Square Foot), This Asset is One of the Lowest Priced CVS Properties Available for Purchase Providing Elevated Investor Security.
  • This CVS/pharmacy Benefits from Extremely Limited Pharmacy Competition with No Alternative CVS Nearby and the Closest Walgreens Roughly 25 Minutes Northwest.
  • Subject Property is Positioned Near Many of the Nation's Most Successful Retailers Including McDonald's, Taco Bell, AutoZone, Burger King, and Advance Auto Parts, Among Many Others.
  • Lease Corporately Guaranteed by CVS Health, the 4th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB and Over $268 Billion in Total Revenue (2020).

Investment Overview

Absolute NNN CVS/pharmacy Located at the Four-Way Signalized Intersection of Covington Street and East 3rd Street with Over 22,000 Vehicles Passing Daily. CVS/pharmacy has Occupied This Site Since 1999 and Recently Exercised Its First 5-Year Renewal Option Demonstrating Tenant Commitment to this High Volume Unit. With Rent at Just $177,197 Annually ($17.50 Per Square Foot), This Asset is One of the Lowest Priced CVS Properties Available for Purchase Providing Elevated Investor Security. This CVS/pharmacy Benefits from Extremely Limited Pharmacy Competition with No Alternative CVS Nearby and the Closest Walgreens Roughly 25 Minutes Northwest. Subject Property is Positioned Near Many of the Nation’s Most Successful Retailers Including McDonald’s, Taco Bell, AutoZone, Burger King, and Advance Auto Parts, Among Many Others. Lease Corporately Guaranteed by CVS Health, the 4th Ranked Company in the Fortune 500 with an S&P Credit Rating of BBB and Over $268 Billion in Total Revenue (2020).

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