1400 Park Hill Dr, Gainesville, GA 30501

10,921 SF | Retail Building | Gainesville, GA 30501 | $2,735,042 ($250/SF) | 5.85% Cap Rate

Asking Price $2,735,042

Property Type
Retail
Square Feet
10,921 SF
Price / Square Foot
$250

Listing Contacts

  • Property Info

Property Details

Class
B
Year Built
2003
Stories
1
Property Subtype
Drug Store, Grocery/Convenience Store, Freestanding
Lot Size (sq. ft)
107,158 SF

Highlights

  • Absolute NNN Lease Structure: 15+ years remaining with no landlord responsibilities providing passive ownership
  • Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P
  • Low Rent: Annual rental rate is well below the national average for similar drug store assets available
  • Historical Tenancy: The tenant has occupied the property for 20+ years showing a commitment to the local customer base
  • Location: Positioned at a signalized hard corner in a growing market outside of Atlanta with average household incomes of $85,000 within 3 miles

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