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25Hr CVS at I-75 and I-16 Interchange 1271 Gray Hwy 10,260 SF Retail Building Macon-Bibb, GA 31211 $6,442,612 CAD ($627.93 CAD/SF) 5.10% Cap Rate
Investment Highlights
- Top Performing CVS Nationally
- Tenant in options with 5% escalations every 5-years
- Trade area from Atlanta to Savannah
- Low rent of $21 PSF
- Two large pylon signs
Executive Summary
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.
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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$298,698
|
$29.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$298,698
|
$29.11
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $298,698 |
| Annual Per SF | $29.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $298,698 |
| Annual Per SF | $29.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,260 SF
Building Class
C
Year Built
1998
Price
$6,442,612 CAD
Price Per SF
$627.93 CAD
Cap Rate
5.10%
NOI
$328,564 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.28 AC
Opportunity Zone
Yes
Zoning
C-4
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,260 SF
- $29.11 CAD
- Triple Net
- Mar 2029
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,260 SF | $29.11 CAD | Triple Net | Mar 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R064-0148 | Improvements Assessment | $671,981 CAD (2025) |
| Land Assessment | $274,562 CAD (2025) | Total Assessment | $946,542 CAD (2025) |
Property Taxes
Parcel Number
R064-0148
Land Assessment
$274,562 CAD (2025)
Improvements Assessment
$671,981 CAD (2025)
Total Assessment
$946,542 CAD (2025)
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25Hr CVS at I-75 and I-16 Interchange | 1271 Gray Hwy
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