5421 New Jesup Hwy - Drug Store FOR SALE


Brunswick, GA 31523
$3,408,333 USD
510-388-4438
5421 New Jesup Hwy, Brunswick, GA for Sale
$3,408,333 USD
Drug Store - FOR SALE
1/5
null | 6% Cap Rate

5421 New Jesup Hwy
Brunswick, GA 31523


HIGHLIGHTS

  • Newly Extended Absolute NNN Lease
  • Below Market Rent
  • Zero Landlord Obligations
  • 10% Increases in Rent at Each Option Top Performing
  • No Rent Holiday
  • Drive-Thru Location

OVERVIEW

The Kase Group is pleased to present this single-tenant asset with a brand new NNN lease extension located at 5421 New Jesup Highway, Brunswick, GA. The property is fully leased to CVS Pharmacy, offering a stable, long-term passive income stream for investors. The newly extended Absolute NNN lease shows commitment to the location with no rent holidays. The property offers a market rent of $204,500 annually. There are zero landlord obligations. The lease calls for four, 5-year options to renew with 10% increases in rent at each option.

FOR SALE DETAILS

PRICE

$3,408,333 USD

PRICE/SF

$250 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

Commercial

APN/PARCEL ID

03-22252

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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