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

Information

10 Gilmer Avenue
Tallassee, AL 36080

Click for Offering Memorandum

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

Forms & Documents

Flyer