
Information
10 Gilmer Avenue
Tallassee, AL 36080
Click the Offering Memorandum Button above to gain access to the TRC Deal Portal.
Investment Highlights:
- Investment Grade Tenant (S&P: BBB) with Corporate Guarantee
- Strong Corporate Guarantee – CVS Caremark; Reported Revenues over $292 Billion
- 8+ Years of Term Remaining
- Tenant Responsible for Roof, Structure, Maintenance, etc.
- $13.90 per Square Foot Rent is Well Below Company Average
- Full-Service Location with Drive-Thru
- Hard Corner; Signalized Location at Intersection of AL-14 & Jordan Avenue
- Adjacent to Tallassee High School
- No Immediate Competition (Nearest CVS is 17+ miles away)
- Nearby Tallassee Community Hospital & Tallassee Elementary School
- Nearby Verizon, Dollar Tree, Tractor Supply Co, AutoZone, & Super Foods Grocery
- Limited Competition in Market
- Serving 18,650+ population within trade area
Pricing
Sales Price: $2,760,000.00
Agents:
Bill Clements, CCIM
Brooks Corr, CCIM
Traffic Counts: 17,370 VPD
Property Size
1.4 acre/s
GLA (Gross Leasable Area): 11,325 square feet
48 parking spaces