111 W 8Th St Tifton, GA 31794
Property Lookup
Property profile & analytics
111 W 8Th St Tifton, GA 31794
- Drug stores
- 10,940 SF
- 1.38 lot acres
Property ID
US22-2873117
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- CVS Photo / (Bike/Boat/Book/etc) Store
- MoneyGram / Bank / Credit Union
- UPS Access Point location / Courier Service / Postal Service
- CDReload at CVS / Crypto Atm
Property Details for 111 W 8Th St
- Year built
- 2004
- Lot size
- 1.38 lot acres
- Property size
- 10,940 SF
- Property type
- Drug stores
- APN
- T042-081
- APU
- T042081
Description
This exceptional investment opportunity presents a single-tenant, net-leased CVS Pharmacy located at 111 W 8th St, Tifton, GA 31794. The 10,940 square-foot building, constructed in 2004, sits on a 1.38-acre lot and boasts a 100% occupancy rate. The property benefits from a highly favorable absolute NNN lease structure, eliminating landlord responsibilities. The lease, commencing December 17, 2004, has a remaining term of 5.2 years, extending to January 31, 2030, with ten 5-year renewal options. The tenant, CVS Pharmacy, is a credit-rated, investment-grade tenant, providing significant financial stability. The asking price is $3,039,822, representing a compelling cap rate of 6.75% and a price per square foot of $277.86. The property generates a Net Operating Income (NOI) of $205,188. This strategically located property enjoys high visibility along 8th Street (7,130 vehicles per day) and proximity to Interstate 75 (52,700 vehicles per day), ensuring substantial traffic flow. The surrounding area includes Tifton Mall and numerous other shopping centers anchored by national retailers such as Publix, T.J. Maxx, and Tractor Supply Company. A strong demographic profile supports the property, with 31,223 people residing within a 5-mile radius, boasting an average household income of $70,980. Furthermore, the property's proximity to Tift Regional Medical Center, a 181-bed acute care facility, further enhances its desirability. This is a rare opportunity to acquire a well-performing, low-risk investment with a strong tenant and significant upside potential. Rent bumps are detailed in the offering memorandum.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,349,000
- AI Estimate
- $1,668,000
Market price range: $607k - $1.35MMarket price range: $470k - $1.67M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,545,000
- OFFICE BUILDING
- $940,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tifton
- County
- Tift
- State
- Georgia
- Longitude
- -83.5072
- Latitude
- 31.4603
- CBSA code
- 45700
- CBSA name
- TIFTON, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,190
$37,440
$286,459
$323,899
-
$93,600
$716,148
$809,748
