1400 Park Hill Dr - Drug Store FOR SALE
Gainesville, GA 30501 |
$2,735,042 USD
407-913-9009
1400 Park Hill Dr
Gainesville, GA 30501
HIGHLIGHTS
- Absolute NNN Lease Structure: 15+ years remaining with no landlord responsibilities providing passive ownership
- Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
- Low Rent: Annual rental rate is well below the national average for similar drug store assets available
- Historical Tenancy: The tenant has occupied the property for 20+ years showing a commitment to the local customer base
- Location: Positioned at a signalized hard corner in a growing market outside of Atlanta with average household incomes of $85,000 within 3 miles
FOR SALE DETAILS
PRICE
$2,735,042 USD
PRICE/SF
$250 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
2.46 AC
LAND SF
107,158 SF
ZONING
O-1
APN/PARCEL ID
01-00079-02-013
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407-913-9009
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407-913-9009
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