Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Pharmacy
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Courier Service Postal Service
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Bank Credit Union
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Roswell, GAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C1 in Roswell, GA.
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