Log In/Sign Up
Your email has been sent.
CVS Pharmacy Absolute NNN Lease 5421 New Jesup Hwy 13,650 SF Retail Building Brunswick, GA 31523 $4,597,603 CAD ($336.82 CAD/SF) 6% Cap Rate
Investment Highlights
- Newly Extended Absolute NNN Lease
- Zero Landlord Obligations
- No Rent Holiday
- Below Market Rent
- 10% Increases in Rent at Each Option Top Performing
- Drive-Thru Location
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
C
Year Built
2009
Price
$4,597,603 CAD
Price Per SF
$336.82 CAD
Cap Rate
6%
NOI
$275,856 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.74 AC
Zoning
Commercial
Parking
65 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
279’ on New Jesup Hwy
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-22252 | Improvements Assessment | $731,417 CAD |
| Land Assessment | $240,214 CAD | Total Assessment | $971,631 CAD |
Property Taxes
Parcel Number
03-22252
Land Assessment
$240,214 CAD
Improvements Assessment
$731,417 CAD
Total Assessment
$971,631 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
CVS Pharmacy Absolute NNN Lease | 5421 New Jesup Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.