569 Horizon Pkwy Grovetown, GA 30813
- Retail properties
- 11,945 SF
- 4.41 lot acres
Current Use by Public Records
- Retail properties
Property Details for 569 Horizon Pkwy
- Year built
- 2010
- Lot size
- 4.41 lot acres
- Property size
- 11,945 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a 11,945 square foot CVS Pharmacy in Grovetown, Georgia. The property boasts a new 15-year absolute NNN lease with a credit-rated corporate guarantor (CVS Pharmacy), ensuring minimal landlord responsibilities. The lease features three 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $247,500, resulting in a 5.75% cap rate. Built in 2010, this strategically located retail property sits on a 4.41-acre lot, enjoying high visibility and accessibility via Horizon South Parkway and Wrightsboro Road, two major traffic arteries with a combined daily traffic count exceeding 24,100 vehicles. The property benefits from its proximity to a large John Deere production facility and numerous other national retailers, solidifying its position within a thriving retail hub. The lease expiration date is April 30, 2039, offering a substantial remaining lease term of approximately 14.4 years. This investment offers a compelling combination of strong tenant credit, a long-term lease, and a prime location, making it an attractive addition to any portfolio. The asking price is $4,304,348.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grovetown
- County
- Columbia
- State
- Georgia
- Longitude
- -82.1935
- Latitude
- 33.4589
