CVS
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
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