817 Shotwell St Bainbridge, GA 39819-4145

Property Details for 817 Shotwell St

Year built

1999

Construction

STEEL FRAME

Lot size

1.78 lot acres

Property size

10,125 SF

Property type

Drug stores

APN

B0470-131-000

APU

B0470131000

Description

This exceptional investment opportunity presents a single-tenant, net-leased CVS Pharmacy located at 817 E Shotwell St, Bainbridge, GA 39817. The property boasts 10,199 square feet on a 1.78-acre lot, built in 1999. Currently operating at 100% occupancy, the lease with CVS Health Corp. extends until June 30, 2037, offering a substantial remaining term of 12.6 years. The lease includes 5 x 5-year options with a 10% rent increase per option. The property generates a strong NOI of $185,500, resulting in a compelling 6.10% cap rate and a price per square foot of $298.16. The asking price is $3,040,983. This strategically located property sits on a signalized corner, adjacent to a Winn-Dixie anchored shopping center, providing excellent visibility and accessibility. The property benefits from a strong demographic profile, with average household incomes exceeding $62,000 within a 3-mile radius. The tenant, CVS Health Corp., is an investment-grade tenant with a BBB/Stable rating from S&P, providing significant financial security. The property is part of the Tallahassee, FL-Bainbridge, GA Combined Statistical Area (CSA), a thriving market with a population exceeding 4 million, anchored by the Florida state capital and major universities. This presents a rare opportunity to acquire a high-performing, net-leased asset with a long-term, creditworthy tenant in a desirable location.

Location Insight

City

Bainbridge

County

Decatur

State

Georgia

Longitude

-84.5673

Latitude

30.9044

CBSA code

12460

CBSA name

BAINBRIDGE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments