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    107 Spring St Tallapoosa, GA 30176

    For Sale
    $2,900,000

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

    Property size:
    10,788 SF
    Lot size:
    1.26 Acres

    Property Features for 107 Spring St

    General Information

    Size
    10,788 SF
    Lot size
    1.26 Acres

    Source: Sandor/Sand Capital | Arizona Agent Matt Sturcken

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

    Overview

    NNN Leased CVS Pharmacy

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor CVS Drug Store CDReload Instant Bitcoin Crypto Atm MoneyGram Money Transfer Service CVS Pharmacy Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Similar Places Nearby

    Tallapoosa Drugs, CVS, Rx Healthmart, CVS Pharmacy, Jon Emanuel

    Location Insight

    • Map
    • Local Demand
    City
    Tallapoosa
    County
    Haralson
    State
    Georgia
    Longitude
    -85.289123
    Latitude
    33.746335

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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 \u00b112-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
    Request Owner's contact information
    107 Spring St Tallapoosa, GA 30176
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    Tallapoosa, GA 30176
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    Realmo Value Estimation

    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.

    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.

    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
    107 Spring St Tallapoosa, GA 30176
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