395 Jackson St - Drug Store FOR SALE


Newnan, GA 30263
$6,282,000 USD
949-547-2213
395 Jackson St, Newnan, GA for Sale
$6,282,000 USD
Drug Store - FOR SALE
1/9
null | 7% Cap Rate

395 Jackson St
Newnan, GA 30263


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,282,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Zero Cash Flow | 8yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

CGN

APN/PARCEL ID

073-C-036A

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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