CVS Pharmacy

2700 Osborne Road, St. Marys, GA 31558

$3,974,000

Cap Rate 6.25%

DOM: 348 Updated: 08.12.24 Posted: 05.17.24 Status: Active

Summary

Price $3,974,000	Built/Renov 2011	Tenant CVS Pharmacy
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,014	Lease Start 12-17-2010	#Units 9,395
Price/SF $330.78	Expiration 01-31-2036	Tenant Type Pharmacy
NOI $248,402	R. Term 10.9	Ownership Fee Simple
Rent/SF $20.68	Increases 0.0%/0/yrs	Pop 5Mi 27,364
Lot/AC 1.37	Options 10/5yrs	AHHI 5Mi $91,481

Frank Rogers

SRS National Net Lease Group

Contact

Lease Highlights

CVS Pharmacy has 11+ years remaining on the current lease term with 10 (5-year) options to extend
The lease features FMV rental escalations at the start of option 3 and for all remaining option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

CVS is strategically located at the signalized, hard corner intersection of Osborne Road and Charlie Smith Senior Highway, with access to a combined daily traffic count of 31,000 vehicles. The property is within close proximity to well-known national tenants, including Walmart Supercenter, Winn Dixie, Anytime Fitness, DaVita, Dollar Tree, Dollar General, and more. Additionally, it is just 3...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent suburb location
Below Market Rent
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

CVS Pharmacy Wikipedia CVS Pharmacy Wikipedia St Marys, Georgia Zip Code 31558 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CVS Pharmacy
Guarantor:Corp T and Rated
Company:CVS Health Corporation
# Units:9,395
Tenant S&P: BBB
Moody’s: Baa2

About Tenant

CVS Pharmacy, Inc. is an American retail corporation and is the largest pharmacy chain in the United States by number of locations and total prescription revenue. CVS sells prescription drugs and...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Charlie Smith Sr Hwy	Davis St	2005	12,740	0.27 mi
Charles St	N 2nd St	2004	55	0.41 mi
Charles Street	3rd St	2018	50	0.52 mi
Charles Street	3rd St	2019	50	0.52 mi
Charlie Smith Senior Highway	5th St	2019	10,700	0.74 mi
Charlie Smith Senior Highway	5th St	2018	10,700	0.74 mi
Osborne Road	Miller St	2018	14,100	0.86 mi
Osborne Road	Miller St	2019	14,000	0.86 mi
Palmetto St	Bob White Blvd	2004	3,403	0.92 mi
State Route 40	Cathrine St	2005	16,170	1.08 mi

Listing Broker

Frank Rogers

SRS National Net Lease Group

Contact

37 Listings
7854 Views
10 Sold

Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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