1622 S Lumpkin Rd - Drug Store FOR SALE
Columbus, GA 31903 |
1622 S Lumpkin Rd
Columbus, GA 31903
HIGHLIGHTS
- As the largest pharmacy chain in the United States, CVS (NYSE: CVS) provides a strong corporate guarantee for this property.
- Columbus, GA is located on the west side of the state along the Alabama border. Population is over 200,000 and the MSA is over 325,000.
- With a 25-year lease beginning in late 2009, CVS has a remaining +/- 12.5 years before the end of the initial term with Ten 5-year extension options.
- Absolute NNN The lease has no landlord obligations, making this a very attractive and highly passive investment opportunity.
- The property is on a highly trafficked road with many national retailers, such as Walmart, McDonalds, Bank of America, O’Reilly Auto Parts & more.
- Fort Benning is located only a few miles south of the Subject Property. It is the largest economic driver in the region with over 100,000 people.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
13770
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
063-018-001
