Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 8Th St E Tifton, GA 31794

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN lease CVS with drive-thru and corporate guaranty.

    Property size:
    10,940 SF
    Lot size:
    1.51 Acres

    Property Features for 111 8Th St E

    General Information

    Size
    10,940 SF
    Lot size
    1.51 Acres

    We can help!

    Listing Contact
    Jimmy Goodman
    Jimmy Goodman
    Source: Moodyscre

    Listing Agency: The Boulder Group - Corporate Listing Agent: Jimmy Goodman

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

    Learn more

    Property Insight Report

    Overview

    NNN Lease CVS Pharmacy

    This property is a retail location occupied by CVS, operating since 2004. The property benefits from a NNN lease structure, placing no responsibilities on the landlord. The tenant, CVS, holds an investment-grade rating of BBB by Standard & Poor's, and the lease is backed by a corporate guaranty. The location includes a drive-thru. Situated along 8th Street, which sees a traffic volume of 7,130 vehicles per day, the property is also near Interstate 75, with a traffic volume of 52,700 vehicles per day. It is located in proximity to Tifton Mall and various shopping centers housing tenants such as Publix, T.J. Maxx, Tractor Supply Company, Big Lots, Bath & Body Works, and McDonald’s, as well as an AMC Theaters. The surrounding area has a residential population of 31,223 within a 5-mile radius, with an average household income of $70,980. The property is less than two miles southwest of Tift Regional Medical Center, which is a 181-bed, level II emergency room and acute care facility. The property has a size of 10,940 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Cinema CVS Photo (Bike/Boat/Book/etc) Store MoneyGram Bank UPS Access Point ... Courier Service CDReload at CVS Crypto Atm

    Suggested Use

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

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

    Similar Places Nearby

    Walgreens Pharmacy, CVS Pharmacy, Richard Garrett, Victory Nutrition, Tifton Drugs Company

    Location Insight

    • Map
    • Local Demand
    City
    Tifton
    County
    Tift
    State
    Georgia
    Longitude
    -83.509583
    Latitude
    31.460482

    Nearby Similar for Sale

    • $149,000
      3,024 SF

      Tifton Commercial Property For Sale

      Commercial property with warehouse, office, and covered shelter space.
      501 3Rd St E, Tifton, GA 31794
      View Details
    • $740,000
      5,676 SF

      Tifton Commercial Strip Mall Opportunity

      Well-maintained strip mall with income potential in a growing area.
      107 Magnolia Dr, Tifton, GA 31794
      View Details
    • $795,000
      9,039 SF

      Established Business For Sale

      Established business with growth potential on a 1.23-acre lot.
      1171 S Main St, Tifton, GA 31794
      View Details
    • Contact for pricing
      11,000 SF

      Versatile Office/Flex Space in Tifton

      Office/flex space on 5.36 acres near Hwy 82 and I-75.
      2773 Marshall Dr, Tifton, GA 31793
      View Details
    • Contact for pricing

      Retail Property in Tifton, Georgia

      Retail property for sale in Tifton, Georgia.
      4172 Us Highway 319 S, Tifton, GA 31793
      View Details
    • $900,000
      2,465 SF

      Prime Tifton Commercial Property

      High-traffic location, I-75 visibility.
      1015 8Th St, Tifton, GA 31794
      View Details
    • $562,000
      4,000 SF

      Office-Warehouse Space with Rail Access

      4000 SF office-warehouse on 5.95 acres with rail access.
      3375 Us Highway 41, Tifton, GA 31794
      View Details
    • $950,000
      24,077 SF

      Tifton Industrial Property For Sale

      24,077 sqft industrial property in Tifton, Georgia.
      130 W 2Nd St, Tifton, GA 31794
      View Details
    • $549,900
      2,960 SF

      Tifton Commercial Property For Sale

      Commercial property in a prime Tifton, Georgia location.
      213 Magnolia Dr, Tifton, GA 31794
      View Details
    • $109,000

      Tifton Commercial Property For Sale

      Commercial property in Tifton, Georgia, suitable for various uses.
      1101 Ferry Lake Rd, Tifton, GA 31794
      View Details
    • $913,000
      4,000 SF

      3375 Us Highway 41

      Distribution centers • 4,000 SF
      3375 Us Highway 41, Tifton, GA 31794
      View Details
    • $610,500
      6.33 Acres

      Tifton, GA: 6.3 Acres Development Land

      Prime Tifton location, development potential. Public utilities available.
      0 Kent Rd, Tifton, GA 31794
      View Details

    FAQs

    What type of property is this?
    Drug store - NNN lease CVS with drive-thru and corporate guaranty.
    Where is this drug store located?
    The property is located at 111 8Th St E Tifton, GA.
    What are key features of this property?
    This property features: - Investment grade rated tenant (S&P: BBB); - NNN lease – No landlord responsibilities; - Corporate CVS guaranty
    (847) 562-8500 Call to check price and availability
    Request Owner's contact information
    111 8Th St E Tifton, GA 31794
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 8Th St E
    Tifton, GA 31794
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 8Th St E Tifton, GA 31794
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jimmy Goodman
    Jimmy Goodman
    Real Estate License ID: IL 471007006
    (847) 562-8500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!