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27769199
27769200

202 Grayson Hwy, Lawrenceville, GA 30045

SM
GA 249161, GA: 249161 (+1)
Matthews
BH
GA 427428, GA 5269
Matthews
GM
GA 430218, AL 000174405
Matthews
Matthews
JK
FL 3224428, GA 348701 (+2)
Matthews
Listed by Matthews
$3,089,000
247 days on market
Updated 63 days ago

CVS

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,125
Cap Rate 6.35%
NOI $196,121
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN+
Lease Term 20
Lease Expiration 12/31/2037
Remaining Term 12
Price per SqFt $305
Year Built 1998
Buildings 1
Stories 1
Acreage 1.260
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 6.35% CAP | 10,125 SqFt

Investment highlights

Strong Real Estate Fundamentals

  • Fundamentally located on the hard corner of a 4-way signalized intersection

  • Highly trafficked intersection with ±32,100 VPD along Clayton St and ±24,100 VPD along Hwy 124

  • Flat topography with strong visibility in all directions

  • Dense and affluent trade area:

    • Population: 9,434 (±1-mi); 80,795 (±3-mi), 203,333 (±5-mi)

    • Avg. Household Income: $67,701 (±1-mi); $98,849 (±3-mi); $118,826 (±5-mi)

  • Lawrenceville is the county seat of Gwinnett County, one of the fastest growing counties in Georgia

Industry-Leading Tenant

  • CVS is the largest drugstore chain in US by revenue

  • Corporately guaranteed with investment grade bond rating of ‘BBB’ (Standard & Poor’s)

  • CVS Health is ranked #10 on Fortune 500 list

  • Total revenue of $386.6 B (TTM) with a market cap of $95.87 B

Desirable Unit-Level Indicators

  • CVS has successfully operated at this location since 1998

  • 20-year extension was executed in 2017

  • Minimal LL responsibilities

  • New roof was installed in 2019

    • ±14 years remain on premium NDL system warranty

Atlanta, GA MSA Advantage

  • Atlanta Metro has the 5th largest population in the US, with 5.9+ million residents

  • 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000

    • 16 ranked in the elite Fortune 500

  • Georgia has been named the #1 state for business climate and for doing business for

    the last 6 years (Site Selection & Area Development)

  • For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for

    most net migration

  • Major industries include financial services, technology, and telecommunications

  • Forbes Rankings:

    • #13 Best Places for Business and Careers

    • #34 in Job Growth

    • #41 in Education

Listing Contacts

SM
GA 249161, GA: 249161 (+1)
Matthews
BH
GA 427428, GA 5269
Matthews
GM
GA 430218, AL 000174405
Matthews
Matthews
JK
FL 3224428, GA 348701 (+2)
Matthews
Listed by Matthews

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,121.00
$16,343.42/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

Map

Zoning

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BG CommercialGeneral CommercialGeneral Business
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Last updated Jan 19, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Maxx Bauman
License
451849 (GA)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
Name
Sonny Molloy
License
249161
Name
Bennett Holman
License
427428
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
(470) 826-1718
Title
Real Estate Broker
Name
Grant Morgan
License
430218
Brokerage
Matthews
Brokerage Phone
205-610-8670
Title
Net Lease
Brokerage Address
3060 Peachtree Road
Name
Simon Ben-Moshe
License
442909
Brokerage
Matthews Real Estate Investment Services
Title
Associate
Brokerage Address
3060 Peachtree Road Northwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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