Newnan, GA - CVS

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, CVS (S&P: BBB) investment property located in Newnan, Georgia (Atlanta MSA). CVS has been operating at the site for more than 15 years and the tenant has over 8 years of firm term remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed and includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction – see page 20 for more details. CVS Pharmacy is America’s leading retail pharmacy with more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, and a leading pharmacy benefits manager system with roughly 87 million plan members.

CVS is strategically located at the signalized, hard corner intersection of Jackson Street and State Highway 34, which supports more than 46,000 vehicles per day. This highly visible and trafficked intersection has recently attracted significant new development, including a newly constructed build-to-suit (BTS) Tractor Supply Co. that opened in mid-2025 and subsequently sold on December 2, 2025, for $8,113,555, demonstrating strong investor demand and confidence in the immediate trade area. Additionally, a $10 million, 25,000 square foot church sanctuary is currently under development adjacent to the CVS, with an estimated summer 2026 completion, further reinforcing the area’s population growth and long-term viability. See page 10 for more information on the adjacent church development. Furthermore, the asset benefits from nearby access to Interstate 85 (71,000 VPD) and State Highway 70 (7,500 VPD), making this an ideal, centralized location with easy commutes.

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Listing ID: a28TP000002SNLVYA4