Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

923 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

CVS Zero Cash Flow | 8yrs Corp Abs NNN 395 Jackson St 12,900 SF Retail Building Newnan, GA 30263 $8,748,125 CAD ($678.15 CAD/SF) 7% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Corporate Guaranteed Lease (S&P: BBB) | Options To Extend | Over 8 Years Remaining | 15+ Years of Operating History
Signalized, Hard Corner Intersection | I-85 (71,000 VPD) | Nearby Developments - Tractor Supply & Newnan City Church
Absolute NNN | Fee Simple Ownership | Landlord Responsibilities

Tax Advantages and Passive Equity Growth | Zero Cash Flow | Paydown / Readvance Structure Available
Nearby Major Healthcare Facilities | Dense Retail Corridor |University of West Georgia’s Newnan Campus (16,000 Students)
Strong Demographics in 5-Mile Trade Area | Exponential Growth

Executive Summary

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.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

12,900 SF

Building Class

Year Built

2010

Price

$8,748,125 CAD

Price Per SF

$678.15 CAD

Cap Rate

NOI

$612,358 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.12

Lot Size

2.47 AC

Opportunity Zone

Yes

Zoning

CGN - General Commercial District

Parking

59 Spaces (4.57 Spaces per 1,000 SF Leased)

Frontage

303’ on Jackson St

Corner Lot
Dedicated Turn Lane

Freeway Visibility
Signage

Signalized Intersection
Drive Thru

Monument Signage

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.