CVS | 1400 Park Hill Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
CVS 1400 Park Hill Dr
10,921 SF Retail Building Gainesville, GA 30501 $2,735,042 ($250/SF) 5.85% Cap Rate
Investment Highlights
- Absolute NNN Lease Structure: 15+ years remaining with no landlord responsibilities providing passive ownership
- Low Rent: Annual rental rate is well below the national average for similar drug store assets available
- Location: Positioned at a signalized hard corner in a growing market outside of Atlanta with average household incomes of $85,000 within 3 miles
- Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
- Historical Tenancy: The tenant has occupied the property for 20+ years showing a commitment to the local customer base
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,921 SF
Building Class
B
Year Built
2003
Price
$2,735,042
Price Per SF
$250
Cap Rate
5.85%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.46 AC
Zoning
O-1
Parking
45 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-00079-02-013 | Improvements Assessment | $514,720 |
| Land Assessment | $278,560 | Total Assessment | $793,280 |
PROPERTY TAXES
Parcel Number
01-00079-02-013
Land Assessment
$278,560
Improvements Assessment
$514,720
Total Assessment
$793,280
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
CVS | 1400 Park Hill Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.