CVS Pharmacy

2700 Osborne Road, St. Marys, GA 31558

$3,974,000

Cap Rate 6.25%

Views: 96 DOM: 114 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 11.4	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

Maps

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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Listing Broker

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