CVS Retail Center | Atlanta MSA
6717 Mount Zion Blvd, Morrow, GA
$2,800,000
Price
6.57%
Cap Rate
$183,838
NOI
Overview
Description
For sale
Morrow is a city in Clayton County, Georgia. The population was 6,445 at the 2010 census, up from 4,882 in 2000. Clayton County is a county located in the north-central portion of the U.S. state of Georgia. As of the 2010 census, the population was 259,424. The county seat is Jonesboro. Clayton County is included in the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area. It is the home of Hartsfield-Jackson Atlanta International Airport. Morrow is the home of Clayton State University, a 192-acre campus with over 6,875 students enrolled.
Metro Atlanta, designated by the United States Office of Management and Budget as the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area, is the most populous metro area in the state of Georgia and the ninth-largest metropolitan statistical area (MSA) in the United States. Its economic, cultural and demographic center is Atlanta, and it had a 2015 estimated population of 5.7 million people according to the U.S. Census Bureau. The metro area forms the core of a broader trading area, the Atlanta–Athens-Clarke–Sandy Springs Combined Statistical Area. The Combined Statistical Area spans up to 39 counties in north Georgia and had an estimated 2015 population of 6.3 million people. Atlanta is considered a "beta(+) world city." It is the third-largest metropolitan region in the Census Bureau's Southeast region behind Greater Washington and South Florida.
Highlights
- CVS Anchored Center Located on Hard Corner with Drive-thru
- Atlanta MSA | Site is Located 15 Miles South of Atlanta
- 78 Percent Occupied - Vacant Suite of 2,500 SF Provides Upside for a Potential Buyer
- Roof Recently Replaced on Entire Center in 2014
- Lease is Corporately Guaranteed by CVS Corp. | S&P “BBB+”
- Strong Combined Traffic Counts at Intersection of 29,000 VPD+/-
- Average Household Income Within a 1-Mile Radius: $56,385
- 5-Mile Population Surrounding Investment Property Exceeds 167,208 People
- Population Growth Rate of 4.51% by 2022 Within a 1-Mile Radius
- National Retailers Surrounding Investment Property Include: AutoZone, Ford, Honda, Home Depot, Publix, and more