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    NNN Leased CVS Pharmacy Title is generated by Realmo AI

    107 Spring St, Tallapoosa, GA

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    NNN leased CVS with long-term lease and zero landlord responsibilities.

    Type:RETAIL
    Property size:
    10,788 SF
    Lot size:
    1.26 Acres
    Price / SF:
    $268/SF
    Added:
    Apr 16, 2025
    Days on Market:
    419
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 107 Spring St

    General Information

    Standard status
    Active
    Size
    10,788 SF
    Lot size
    1.26 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matt Sturcken
    Matt Sturcken

    Listing agent Matt Sturcken

    Listing office Sandor/Sand Capital | Arizona

    Listing date Apr 16, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Sandor/Sand Capital | Arizona

    HighLights

    • Long‑Term Lease: Benefit from a ±12‑year lease with 10 five‑year extensions.
    • Strong Credit Tenant: CVS, an investment‑grade credit tenant (S&P: BBB; NYSE: CVS).
    • Triple‑Net (NNN): Enjoy zero landlord responsibilities as the tenant handles all maintenance and repair.
    • Assumable self‑amortizing financing.
    • Low equity contributions with high long‑term return on initial investment.
    • Debt structure can generate passive losses that offset taxable income.

    Overview

    This property is a triple-net (NNN) leased CVS Pharmacy, offering zero landlord responsibilities. The tenant is responsible for all maintenance and repair, including the roof and structure. CVS has investment-grade credit and strong financials (CVS Health), with an S&P rating of BBB and listed on the NYSE as CVS. The lease is a long-term lease of approximately 12 years, with 10 five-year extensions. The property features assumable self-amortizing financing. The debt structure requires limited equity investment and can generate passive losses that work to offset taxable income from other investments. The structure allows for low equity contributions with a high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt. The property has a size of 10788 square feet and is located in Tallapoosa, GA.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $248.6k $23.04
    − Vacancy −$17.4k −$1.61
    EGI $231.2k $21.43
    − OpEx −$57.8k −$5.36
    NOI $173.4k $16.07
    10,788 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.48M
    $2.17M – $2.89M (±1% cap)
    NOI $173,367 @ 7.0% cap · market cap 5.98%
    Second Best
    Retail
    $2.17M
    $1.90M – $2.53M (±1% cap)
    NOI $151,737 @ 7.0% cap · market cap 5.23%
    Theoretical Best
    Office A
    $3.03M
    $2.65M – $3.53M (±1% cap)
    NOI $212,049 @ 7.0% cap · market cap 7.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy CDReload Instant Bitcoin Crypto Atm MoneyGram Bank CVS Pharmacy Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tallapoosa Drugs — 2066 US-78, Tallapoosa, GA 30176
    • CVS — 107 Spring St, Tallapoosa, GA 30176
    • Rx Healthmart — 2066 US-78, Tallapoosa, GA 30176
    • CVS Pharmacy — 107 Spring St, Tallapoosa, GA 30176
    • Jon Emanuel — 107 Spring St, Tallapoosa, GA 301761293

    Location Insight

    • Map
    • Local Demand
    City
    Tallapoosa
    County
    Haralson
    State
    Georgia
    Longitude
    -85.2891
    Latitude
    33.7463

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    FAQs

    What type of property is this?
    Drug store - NNN leased CVS with long-term lease and zero landlord responsibilities.
    Where is this drug store located?
    The property is located at 107 Spring St Tallapoosa, GA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Long‑Term Lease: Benefit from a ±12‑year lease with 10 five‑year extensions.; Strong Credit Tenant: CVS, an investment‑grade credit tenant (S&P: BBB; NYSE: CVS).; Triple‑Net (NNN): Enjoy zero landlord responsibilities as the tenant handles all maintenance and repair.
    (480) 949-9011 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Sturcken
    Matt Sturcken
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