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24Hr CVS with 5% escalations / 5yrs 1271 Gray Hwy 10,260 SF Retail Building Macon-Bibb, GA 31211 $6,594,742 CAD ($642.76 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
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 |
$305,751
|
$29.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$305,751
|
$29.80
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $305,751 |
| Annual Per SF | $29.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $305,751 |
| Annual Per SF | $29.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,260 SF
- $29.80 CAD
- Triple Net
- Mar 2029
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,260 SF | $29.80 CAD | Triple Net | Mar 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | R064-0148 | Improvements Assessment | $695,777 CAD (2025) |
| Land Assessment | $284,285 CAD (2025) | Total Assessment | $980,062 CAD (2025) |
Property Taxes
Presented by
24Hr CVS with 5% escalations / 5yrs | 1271 Gray Hwy
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