This is a rare opportunity to acquire a 24-hour CVS which ranks in the top 90+ percent of all CVS locations in Georgia. It has a 27-year operating history and CVS just exercised its second of six 5-year option, each with a 5% rent increase. Because it is an old lease the current rent is only $21 psf. These factors combine to give the property a high likelihood of continuous renewal. This is a strong alternative to buying a CVS with a flat rent in its 20-yr base term.
Combined traffic counts are 60,600 vpd.
The property is located just north of a rebuilt Interstate Highway 16 and Interstate Highway 75 intersection and south of a Walmart Supercenter. This provides ease of access for highway customers traveling from outside the immediate area as demonstrated on the property trade area map. This CVS has customers from Atlanta to Savannah.
Macon-Bibb County is recognized as a "Top 10 Metro City" by Site Selection Magazine with over $1 billion in private investment in 2024 with an anticipated 3.5% increase over the next five years and 7.6% over the next ten years.
Area retailers include AutoZone, Ross Dress for Less, Walmart Supercenter, Papa John's, Waffle House, Captain D's, Burger King, Crystal Dairy Queen, Wendy's, Arby's, Taco Bell, Dunkin' Donuts, and O'Reilly Auto Parts.