CVS Pharmacy
Retail | 7.00% CAP | 12,900 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, CVS (S&P: BBB) investment property located in Newnan, Georgia (Atlanta MSA). CVS has been operating at the site for more than 15 years and the tenant has over 8 years of firm term remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The asset includes a Credit Tenant Lease (CTL) zero cash flow financing which may be assumed and includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction – see page 20 for more details. CVS Pharmacy is America’s leading retail pharmacy with more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, and a leading pharmacy benefits manager system with roughly 87 million plan members.
Investment highlights
- Corporate Guaranteed Lease (S&P: BBB) | Options To Extend | Over 8 Years Remaining | 15+ Years of Operating History
- Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
- Signalized, Hard Corner Intersection | I-85 (71,000 VPD) | Nearby Developments - Tractor Supply & Newnan City Church
- Nearby Major Healthcare Facilities | Dense Retail Corridor |University of West Georgia’s Newnan Campus (16,000 Students)
- Absolute NNN | Fee Simple Ownership | Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Exponential Growth
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