12070 Crabapple Rd Roswell, GA 30075-2422

Property Details for 12070 Crabapple Rd

Year built

1997

Lot size

1.19 lot acres

Property size

11,118 SF

Zone code

C1

Property type

Retail space

APN

22 373012831884

APU

22373012831884

Description

This exceptional investment opportunity presents a freestanding CVS Pharmacy situated on a 2.1-acre lot in Roswell, Georgia, a thriving suburb of Atlanta within Fulton County. The property boasts a strong financial profile, featuring a 6.50% cap rate and a substantial net operating income (NOI) of $282,608. The property is currently 100% occupied by a credit-rated CVS Pharmacy under a triple-net (NNN) lease with a corporate guarantee, ensuring consistent cash flow. The lease, originally commenced on February 1, 1998, has a remaining term of approximately 3.2 years, expiring January 31, 2028. However, the tenant has a history of exercising lease options, demonstrating a long-term commitment to the location. The property benefits from a prime location on a hard corner with high traffic counts (27,900 vehicles per day), surrounded by complementary retailers such as Publix, Kroger, and other national brands. The affluent area boasts average household incomes exceeding $230,000 within a 3-mile radius, supporting strong sales for the CVS Pharmacy, which are nearing $10 million annually. Recent improvements include a new roof with a remaining warranty and recently renovated restrooms and lift station, all paid for by the tenant. The property's size offers potential for future redevelopment. This is a rare opportunity to acquire a high-performing, investment-grade retail asset in a rapidly growing market. The building was constructed in 1997.

Location Insight

City

Roswell

County

Fulton

State

Georgia

Longitude

-84.3615

Latitude

34.0755

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments