CVS Pharmacy | Absolute Triple Net (NNN) Lease

$2,995,445

111 E 8th Street, Tifton, GA 31794

For Sale

Retail Free Standing

Active

Last Updated: 12/16/2021

Details:

Cap Rate: 6.85%

NOI: $205,188

Building Size: 11,054 sqft

Lot Area: 1.38 acres

Lease Type: Absolute Net

Year Built: 2004

Price Per Sqft: $270.98

Roof & Structure: Tenant’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Tenant’s Responsibility

Offered by

Neal Brock

Net Lease Advisor

Sands Investment Group

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Andrew Ackerman

Managing Director

Sands Investment Group

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Highlights:

~10 Years Remaining on a 25 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
In August 2020 CVS Installed a Brand-New Roof to the Building Demonstrating Their Long-Term Commitment to the Property
CVS Has a 3 Year Rent Holiday Occurring The Last 3 Years of the Initial Term
Highly Visible and Trafficked Site, Sitting on a Signalized Hard Corner of Love Avenue and East 8th Street, Which Sees a Combined Traffic Count of Over 13,480 VPD
Strong Demographics With Over 30,700 People Making an Average Household Income of $57,820 Within a 5-Mile Radius of the Property
Tifton, GA is Considered to Be the Regional Hub of South Georgia
Located About 1-Mile From the University of Georgia Southern Campus and Tift Regional Medical Center
Limited Competition in the Market
Nearby Tenants Include: Domino’s, Family Dollar, Walgreens, Arby’s, Dollar General, Big Lots, Anytime Fitness, Publix, Pizza Hut and More
Strong Corporate Guarantee From CVS Caremark (NYSE: CVS), Which Has an S&P Investment Grade Credit Rating of “BBB”

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 11,054 SF CVS Pharmacy Located at 111 E 8th Street in Tifton, GA. This Corporate Guaranteed NNN Lease Provides For a Secure Long-Term Investment Opportunity in One of Georgia’s Fastest Growing & Most Stable Markets.

In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374