111 E 8th St - Drug Store FOR SALE


Tifton, GA 31794
$2,564,853 USD
847-562-9280
111 E 8th St, Tifton, GA for Sale
$2,564,853 USD
Drug Store - FOR SALE
1/5
null | 8% Cap Rate

111 E 8th St
Tifton, GA 31794


HIGHLIGHTS

  • CVS is an investment grade rated tenant (S&P: BBB)
  • NNN lease – No landlord responsibilities
  • Low rent for a national pharmacy location
  • Corporate CVS guaranty
  • Operating history since 2004
  • Located along 8th Street (7,130 VPD) and within proximity to Interstate 75 (52,700 VPD)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased CVS Pharmacy located in Tifton, Georgia. The lease runs through January 2030. CVS has been successfully operating at this location since 2004, demonstrating commitment to the site. The lease is triple net which presents no landlord responsibilities and has ten 5-year renewal options attached. The lease also features a corporate guaranty from CVS and a low rent figure compared to other national pharmacy locations. The 10,940 square-foot building is located along 8th Street and within proximity to Interstate 75 (52,700 VPD) which are primary thoroughfares through Tifton, Georgia. The subject CVS property is surrounded by several shopping centers including Tifton Mall. Tenants occupying those shopping centers include Publix, T.J. Maxx, Tractor Supply Company, Big Lots, Bath & Body Works, McDonald’s, AMC Theaters, and many others. There are 31,223 people living within a 5-mile radius that earn an average household income of $70,980. CVS is also less than two miles southwest of Tift Regional Medical Center, a 181-bed, level II emergency room and acute care facility. CVS Pharmacy is the nation’s largest drugstore chain and total prescription revenue and operates 9,900+ locations in 49 states, the District of Columbia, Puerto Rico and Brazil. CVS Pharmacy is a publicly traded company on the New York Stock Exchange (Symbol: CVS) with a market capitalization in excess of $97.9 billion. CVS is one of the largest corporations in the nation, ranking #4 on the Fortune 500.

FOR SALE DETAILS

PRICE

$2,564,853 USD

PRICE/SF

$234 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C1

APN/PARCEL ID

T042-070,T042-081

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.