CVS - Stone Mountain

Asset Type

Retail

Address
7207 Rockbridge Rd Stone Mountain, GA United States 30087-6320
Asking Price

S$4,316,000

Sq Footage

10,125

Year Built

1996

Cap Rate

7.08%

Additional Attributes

Property Description

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.
Listing Contacts
Jordan Uttal
Jordan Uttal
VP, Capital Markets
+65 3159 4021
CA - 1856260
Jason Gribin
Jason Gribin
VP, Capital Markets
+65 3159 4021
01819611
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