Listed by The Kase Group
$3,272,000
CVS Pharmacy
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,650
Cap Rate 6.25%
NOI $204,500
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 01/01/2038
Remaining Term 11.5
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2026
Absolute NNN Lease | 6.25% CAP | Brunswick, GA
Marketing description
The Kase Group is pleased to present this single-tenant asset with a newly extended NNN Lease with 11+ years remaining located at 5421 New Jesup Highway, Brunswick, GA. The property is fully leased to CVS Pharmacy, offering a stable, long-term passive income stream for investors.
The newly extended Absolute NNN lease shows commitment to the location with no rent holidays. The property offers a market rent of $204,500 annually. There are zero landlord obligations. The lease calls for four, 5-year options to renew with 10% increases in rent at each option.
Investment highlights
Absolute NNN Lease
Below Market Rent
Zero Landlord Obligations
10% Increases in Rent at Each Option
Top Performing Location
No Rent Holiday
Drive-Thru Location
Strong Traffic Counts
Listing Contacts
Listed by The Kase Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,500.00
$17,041.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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