330 Greene St Monticello, GA 31064
- Drug stores
- 8,800 SF
- 1.69 lot acres
Current Use by Public Records
- CVS Photo / Photo Lab / Photo Shop
- Buy Bitcoin / Crypto Atm
- MoneyGram / Money Transfer Service
- CVS Pharmacy / Pharmacy
- CVS / Stationery Store / Vitamin & Supplements Store
Property Details for 330 Greene St
- Year built
- 1994
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.69 lot acres
- Property size
- 8,800 SF
- Zone code
- COMMERCIAL
- Property type
- Drug stores
- APN
- M05A- -048
- APU
- M05A048
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $215,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $185,000
- Retail
- $205,000
- Mixed-Use
- $210,000
- Hospitality
- $245,000
- Educational
- $225,000
- Residential Income
- $210,000
- Energy
- $235,000
- Income-Based Land
- $225,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Jasper
- State
- Georgia
- Longitude
- -83.6809
- Latitude
- 33.3032
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA