7042 Moon Rd - Drug Store FOR SALE


Columbus, GA 31909- North Columbus
$3,700,000 USD
770-312-9840
7042 Moon Rd, Columbus, GA for Sale
$3,700,000 USD
Drug Store - FOR SALE
1/12
null | 7.71% Cap Rate

7042 Moon Rd
Columbus, GA 31909
North Columbus


HIGHLIGHTS

  • 13,870 SF strip center headlined by CVS at hard signalized, dominant corner
  • Well established rent roll with reasonable rents and a proven tenant track record
  • Strong, Affluent Demographic Profile
  • Columbus MSA advantage

OVERVIEW

Colliers is pleased to offer qualified investors the opportunity to acquire a ±13,870 SF, Strip Center in Columbus, GA headlined by CVS. The subject property features three tenants, CVS, Diamond Nails, and Taqueria Tapatios creating a well seasoned tenant roster. CVS has been in successful operation at the subject property since 2004. According to Placer AI, this store ranks as one of the top stores not only in the state, but also nationally. This location is ranked within the top 90 percentile within Georgia, and 81st percentile nationally. CVS is the world’s second largest healthcare company and is ranked number 64 on the Forbes’s global 2000. Furthermore, the access to two additional suites, one 1,930 SF and the other 1,060 grants an investor the ability to create additional income and upside. Both tenants recently executed new leases, which include annual escalations, reaffirming their commitment to this location. Furthermore, the subject property is on an ample parcel size of 1.84 acres and is located at a hard signalized corner in one of the primary retail corridors in Columbus, Whittlesey BLVD. The site is located directly across the street from TSYS’s 35+ acre data center and plant, which provides jobs to hundreds of employees. TSYS, a Fortune 500 company and one of the largest payment processors in the world, is headquartered in Columbus. TSYS is one of the largest employers in the area, with over 2,600 local employees. Columbus is the second largest city in the state of Georgia, with over 206,000 people. Columbus is home to Fort Benning, which has an annual economic impact of $5.6 billion. Located only 90 minutes from Atlanta, and on the Alabama border, Columbus plays a pivotal role in many industries. The auto industry in this corridor has become a significant growth sector, with KIA’s only manufacturing plant about thirty minutes from Columbus. The plant employs over 2,700 employees.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

7.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

C1

APN/PARCEL ID

081-041-001

ASK ABOUT THIS PROPERTY

Henry KushnerColliersMore Info
770-312-9840

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Henry KushnerColliersMore Info
770-312-9840

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