24 Hour CVS in Options (5% / 5-yrs) Top Performer Nationally
Low Rent Highway and Walmart Location
Marketing description
HMX Realty Advisors offers for sale a 24 hour CVS which ranks in the top 92% of all CVS Pharmacies in Georgia. The property has a 27 year operating history. The store is in it’s second of 6 5-yr options, each with a 5% rent escalation. The rent is only $21 psf which is low for CVS.
It is located on a highly visible corner which sees 38,300 vehicles per day, plus an additional 22,300 vpd on the side street. The store is 11,288 sf on 1.42 acres. Given the stores high performance and low rent it is anticipated that CVS will likely exercise all of their 4 remaining options, each with 5% escalations. This is a strong alternative to buying a CVS with a flat rent in its 20-yr base term.
Investment highlights
• High probability of reviewal
• Low rent of $21 PSF
• Traffic counts of 66,300 vehicles per day on intersection
• Two large pylon signs
• Tenant in options with 5% escalations every 5-years
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