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    330 Greene St Monticello, GA 31064

    Sponsored
    For Sale
    $1,595,000

    High-Yield CVS Pharmacy, Georgia

    Property size:
    8,470 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents an 8,470-square-foot freestanding CVS Pharmacy building situated on a 0.91-acre lot in Monticello, Georgia. The property, zoned Community Commercial, enjoys a prime location with excellent visibility and ample parking. CVS, a highly creditworthy corporate tenant, recently exercised a five-year lease option extending through November 2024, demonstrating strong commitment to the location. A further five-year option remains, with a 10% rent increase built in. The building, constructed in 1994, benefits from 100% occupancy, guaranteeing immediate returns. Its strategic location offers a significant competitive advantage, as the nearest comparable national drugstore is 17 miles away. This presents a rare chance to acquire a stable, high-performing retail asset with a long-term, secure lease in place. The property's strong tenant, prime location, and versatile layout make it an ideal addition to any investment portfolio. The asking price is $1,595,000, and the lease is a NNN (Net, Net, Net) structure with a corporate guarantee. The property's APN is M05A 048. The address is 330 E Greene St, Monticello, GA 31064.

    Property Features for 330 Greene St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,470 SF
    Lot Size
    39,640 SF

    HighLights

    • 8,470 SF freestanding retail building on a 0.91‑acre lot.
    • CVS Pharmacy occupies the entire building under a NNN lease with a corporate guarantee, recently exercising a 5‑year lease option with a 10% rent increase and one remaining 5‑year option.
    • Located in a prime Monticello, GA location, zoned Community Commercial.
    • The nearest competing national drugstore is 17 miles away.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor Buy Bitcoin Crypto Atm MoneyGram Money Transfer Service CVS Pharmacy Pharmacy CVS Cosmetics Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Jasper
    State
    Georgia
    Longitude
    -83.680985442612
    Latitude
    33.30351456838

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield CVS Pharmacy, Georgia
    Where is this individual retail property located?
    The property is located at 330 Greene St Monticello, GA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 8,470 SF freestanding retail building on a 0.91-acre lot.; CVS Pharmacy occupies the entire building under a NNN lease with a corporate guarantee, recently exercising a 5-year lease option with a 10% rent increase and one remaining 5-year option.; Located in a prime Monticello, GA location, zoned Community Commercial.
    (770) 874-9210
    Request Owner's contact information
    330 Greene St Monticello, GA 31064
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    Monticello, GA 31064
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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
    330 Greene St Monticello, GA 31064
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