107 Spring St - Drug Store FOR SALE


Tallapoosa, GA 30176
$2,900,000 USD
480-949-9011
107 Spring St, Tallapoosa, GA for Sale
$2,900,000 USD
Drug Store - FOR SALE
1/2
null | Request Cap Rate

107 Spring St
Tallapoosa, GA 30176


OVERVIEW

• Triple-Net (NNN): Absolutely zero landlord responsibilities. Tenant responsible for all maintenance and repair, including roof and structure. • Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS • Long-Term Lease: ±12-year lease with 10 five-year extensions • Zero Cash Flow Financing: Assumable self-amortizing financing • Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments • Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

001

APN/PARCEL ID

TA11-0078

ASK ABOUT THIS PROPERTY

Matt SturckenSandor Development CompanyMore Info
480-949-9011

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Matt SturckenSandor Development CompanyMore Info
480-949-9011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.