1271 Gray Hwy - Drug Store FOR SALE


Macon-Bibb, GA 31211
$4,707,000 USD
917-741-1525
1271 Gray Hwy, Macon-Bibb, GA for Sale
$4,707,000 USD
Drug Store - FOR SALE
1/9
null | 5.1% Cap Rate

1271 Gray Hwy
Macon-Bibb, GA 31211


HIGHLIGHTS

  • Top Performing CVS Nationally
  • Low rent of $21 PSF
  • Tenant in options with 5% escalations every 5-years
  • Two large pylon signs
  • Trade area from Atlanta to Savannah

OVERVIEW

INVESTMENT SUMMARY This CVS benefits from strong sales and high foot traffic thanks to its 24-hour operation, prime location near a recently reconstructed highway interchange, and close proximity to a Walmart Supercenter. The substantial trade area and frequent visitation make lease renewal highly likely. The lease is in options with 5% annual escalations. Full co-brokerage agreement in place. LOCATION SUMMARY Situated just north of the upgraded intersection of Interstate Highways 16 and 75, and south of a Walmart Supercenter, this property offers convenient access for travelers coming from outside the immediate region, as shown in the trade area map. The CVS attracts customers from as far as Atlanta to Savannah. Macon-Bibb County has been named a "Top 10 Metro City" by Site Selection Magazine, with over $1 billion in private investment expected in 2024, projected to grow by 3.5% over the next five years and 7.6% over the next decade. Nearby retailers include AutoZone, Ross Dress for Less, Walmart Supercenter, Papa John’s, Waffle House, Captain D’s, Burger King, Crystal Dairy Queen, Wendy’s, Arby’s, Taco Bell, Dunkin’ Donuts, and O’Reilly Auto Parts.

FOR SALE DETAILS

PRICE

$4,707,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Re-Priced CVS in Options | 24-Hr | Macon GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

C-4

APN/PARCEL ID

R064-0148

ASK ABOUT THIS PROPERTY

Rob JamesHMX1031.COM - NETLEASENAVIGATOR.COMMore Info
917-741-1525

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Rob JamesHMX1031.COM - NETLEASENAVIGATOR.COMMore Info
917-741-1525

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