CVS Pharmacy | Double Net (NN) Lease

2555 Bolton Road NW, Atlanta, GA

$6,757,053

Price

5.7%

Cap Rate

$385,152

NOI

Overview
Cap Rate
5.7%
NOI
$385,152
Building Size
11,800 sqft
Lot Area
1.43 acres
Lease Type
Double Net
Year Built
2008
Price Per Sqft
$572.63
Roof & Structure
Landlord’s Responsibility
HVAC
Tenant’s Responsibility
Repairs & Maintenance
Tenant’s Responsibility
Description

Sands Investment Group is Pleased to Present the CVS Pharmacy Net Lease Investment Opportunity Located in Atlanta, Georgia’s Upper Westside Neighborhood.


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

Highlights
  • Long Term Corporate Guaranteed Lease – Over 14 Years Remaining With Rental Increases in the Option Period
  • Corporate Guarantee From CVS Caremark (NYSE: CVS), S&P Investment Grade Credit Rating of “BBB”
  • CVS Has Been in This Submarket Since 1987; Relocated To This Outparcel Location in 2009
  • Established, High Credit Single Tenant Pharmacy Store – CVS Has Over 9,800 Locations Across 49 States and Washington D.C., Puerto Rico and Brazil
  • CVS Pharmacy Fills/Manages More Than 1.9 Billion Prescriptions Every Year
  • Strong Demographics With Over 64,000 Residents Within a 3-Mile Radius and Average Household Income of Over $125,000
  • Situated Less Than 2-Miles From I-75 and Less Than 3-Miles From I-285
  • Adjacent to Moores Mill Shopping Center Featuring Publix, SunTrust Bank, UPS and Tropical Smoothie Café
  • Prominent in Town Atlanta Location at a Signalized Intersection With Bolton Rd (12,100 VPD) and Moores Mill Rd (14,800 VPD) With Direct Ingress/Egress on Marietta Rd (25,400 VPD) as Well
  • Phase II of Moores Mill Development is Scheduled For a 2020 Delivery Featuring an Additional 15,000 SF of Retail 345 Multi-Family Units
  • Located in the Booming Upper Westside Neighborhood Neighborhood of Atlanta; Over 2,000 Residential Units in the Development Pipeline in the Immediate Area; About a Half Mile From Westside Village With 90,000 SF of Proposed Retail/Office Space
  • Nearby Tenants Include: Publix, Wendy’s, Marco’s Pizza, SunTrust, Tropical Smoothie Café, Subway, Planet Smoothie, Dollar Tree, Sherwin Williams and More
Documents

Location
Gallery