CVS - Stone Mountain

7207 Rockbridge Rd Stone Mountain , GA 30087-6320

CVS - Stone Mountain - retail for sale

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Overview



Free-standing CVS Pharmacy for sale located at the intersection of Rockbridge and Deshon Roads, just a few miles away from Stone Mountain Park, Georgia’s most visited tourist attraction. This short-term investment with upside potential through lease negotiation is the only free-standing pharmacy within three miles, so CVS is likely to continue operations there. Surrounded by several national retailers, including Publix, McDonald’s, Sherwin Williams, PNC Bank, Zaxby’s, Pizza Hut and Auto Zone. Stone Mountain Park receives over 4 million visitors annually, driving traffic to the area.

Investment highlights


  • Fee simple interest
  • Short-term investment with upside potential
  • Three years remaining on an NN lease with one option period remaining
  • CVS has renewed original lease twice; continued lease renewals anticipated
  • Lease is guaranteed through CVS Center, Inc.
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 7207 Rockbridge Rd, Stone Mountain, GA 30087-6320
Market Atlanta
Land in acres 1.24
Building size 10,125  ft2
Year built 1996
Financial
Price $3,150,000
Cap rate 7.08%
Current NOI $223,154.00
Lease
Tenant's name CVS Health
Lease type NN
Annual rent $223,154.00
Lease expiration date 01/31/2022
Remaining term 2.4Yrs

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