Building Details

Tenancy Single

Listing Agency: SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed By: Patrick R. Luther, CCIM · License #CA License No. 01912215

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 11:03AM

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Investment Insights

Based on property information with market context.

SRS National Net Lease Group presents the opportunity to acquire the fee simple interest (land and building) in a net leased, corporate guaranteed, single-tenant CVS Pharmacy property in Apalachicola, Florida. The property is leased to Holiday CVS LLC, which recently renewed its lease for an additional five years, reflecting continued commitment to the site. The lease is corporate guaranteed by Holiday CVS LLC, a subsidiary of CVS Corporation, and is structured as a net lease with limited landlord responsibilities.

The asset is located along US Route 98, a major east/west thoroughfare running from Alabama to Florida, with reported traffic of 13,000 VPD. It is positioned approximately a quarter mile from George E Weems Memorial Hospital, the main hospital and 24-hour emergency room for Apalachicola, and the only CVS and credit drug store in a 20-mile radius.

The 5-mile trade area is supported by a population of over 3,800 residents with average household income of $50,348.

Key Highlights

• Fee simple (land & building) interest in a net leased, single‑tenant CVS Pharmacy investment in Apalachicola, FL
• Tenant Holiday CVS LLC recently renewed the lease for an additional 5 years
• Lease is corporate guaranteed by Holiday CVS LLC, a subsidiary of CVS Corporation

Property Analytics

Property Profile

Current Use

Sappi Fine Paper ... Distribution Center B J Hopper ... Training Center The Siemon Law Firm Law Firm FRM Solutions (Bike/Boat/Book/etc) Store Haygood J Martin ... Physician

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Food Market Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13,000 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

8,001

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30326, GA

8,729

Population

6,332

Households

1.4

Avg Household Size

36

Median Age

77%

College-Educated

100%

High-School Grad

0.8 sq mi

ZIP Area

10,911

Density / Sq Mi

$113,611

Median Household Income

$74,218

Median Earnings

$2,012

Median Rent

$451,300

Median Home Value

Market

Vacancy Rate% for Retail in Atlanta, GA

6.7% 2019

6.6% 2020

5.5% 2021

4.4% 2022

4.1% 2023

4.4% 2024

5% 2025

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Frequently Asked Questions

What type of property is this?

Drug store - Single-tenant CVS Pharmacy investment with a corporate-guaranteed lease recently renewed for an additional five years.

Where is this drug store located?

The property is located at 3400 Peachtree Road Atlanta, GA.

What are key features of this property?

This property features: Fee simple (land & building) interest in a net leased, single‑tenant CVS Pharmacy investment in Apalachicola, FL; Tenant Holiday CVS LLC recently renewed the lease for an additional 5 years; Lease is corporate guaranteed by Holiday CVS LLC, a subsidiary of CVS Corporation