CVS Pharmacy | 107 Spring St
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CVS Pharmacy 107 Spring St
11,312 SF Retail Building Tallapoosa, GA 30176 $2,900,000 ($256/SF)
Executive Summary
• Triple-Net (NNN): Absolutely zero landlord responsibilities. Tenant responsible for all maintenance and repair, including roof and structure.
• Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS
• Long-Term Lease: ±12-year lease with 10 five-year extensions
• Zero Cash Flow Financing: Assumable self-amortizing financing
• Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments
• Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt
• Strong Credit Tenant: CVS has investment-grade credit and strong financials. (CVS Health) S&P: BBB; NYSE: CVS
• Long-Term Lease: ±12-year lease with 10 five-year extensions
• Zero Cash Flow Financing: Assumable self-amortizing financing
• Debt Structure: Requires limited equity investment and can generate passive losses that work to offset taxable income from other investments
• Paydown/Readvance: Structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,312 SF
Building Class
C
Year Built
2010
Price
$2,900,000
Price Per SF
$256
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.26 AC
Zoning
001 - Commercial
Parking
65 Spaces (5.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | TA11-0078 | Improvements Assessment | $280,251 |
| Land Assessment | $15,120 | Total Assessment | $295,371 |
PROPERTY TAXES
Parcel Number
TA11-0078
Land Assessment
$15,120
Improvements Assessment
$280,251
Total Assessment
$295,371
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CVS Pharmacy | 107 Spring St
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