CVS Investment Sale | Tallassee, AL | Single Tenant NNN Lease

Information

10 Gilmer Avenue
Tallassee, AL 36080

Click for Offering Memorandum

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Investment Highlights:

  • Investment Grade Tenant (S&P: BBB) with Corporate Guarantee
  • Strong Corporate Guarantee – CVS Caremark; Reported Revenues over $292 Billion
  • 8.5+ 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: $2,900,000.00

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

Real Estate is Our Passion.