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CVS (Leasehold) | Midtown Atlanta 842 NE Peachtree St 12,150 SF Retail Building Atlanta, GA 30308 $3,485,767 CAD ($286.89 CAD/SF) 8% Cap Rate

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Investment Highlights

Recently Extended Lease | Fair Market Renewal Options | Tenant Responsible for Ground Lease Obligations
Heart of Midtown Atlanta | High End Residential District | Proximity to Georgia Institute of Technology, Downtown and Mercedes Benz Stadium

Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
Strong, Dense Demographics In 3-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased CVS investment property located in Midtown Atlanta, Georgia. The tenant, CVS Health, Inc. (S&P: BBB), has recently extended its lease through October 2031 on both the building and the underlying ground lease, demonstrating its commitment to the site and long-term confidence in this premier urban location. The lease features four remaining 5-year renewal options at fair market rent, providing long-term income durability and future leasing flexibility. CVS is responsible for CAM, taxes, insurance, maintenance, and all ground lease obligations, offering zero landlord responsibilities and making this an ideal passive investment opportunity for a wide range of investors. In addition, the leasehold ownership structure offers the benefit of depreciating 100% of the asset basis, creating an added tax advantage.