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CVS Pharmacy Absolute NNN Lease 5421 New Jesup Hwy 13,650 SF Retail Building Brunswick, GA 31523 $4,692,899 CAD ($343.80 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
$4,692,899 CAD
Price Per SF
$343.80 CAD
Cap Rate
6%
NOI
$281,574 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 | $725,291 CAD |
| Land Assessment | $238,202 CAD | Total Assessment | $963,493 CAD |
PROPERTY TAXES
Parcel Number
03-22252
Land Assessment
$238,202 CAD
Improvements Assessment
$725,291 CAD
Total Assessment
$963,493 CAD
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CVS Pharmacy Absolute NNN Lease | 5421 New Jesup Hwy
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