CVS – New 20 Year Lease Extension – Attractive Price Point – $2,694,703 – Cordele, GA

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Dante Hargis

248.702.0289
dhargis@encorereis.com

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Offering Information

214 E 16th Ave
Cordele, GA 31015

  • Price: $2,694,703
  • Cap. Rate: 5.40%
  • NOI: $145,514
  • Building Size: 11,325SF
  • Lot Size: 1.378 AC

Investment Highlights

  • BRAND NEW 20 YEAR LEASE EXTENSION - CVS HEALTH CORPORATE GUARANTY
  • EXCELLENT HARD SIGNALIZED CORNER LOCATION
  • SUBJECT PROPERTY IS 11,325 SF AND SITS ON 1.378 ACRES
  • TRUE DOUBLE NET LEASE : LANDLORD OBLIGATIONS ROOF AND STRUCTURE (NEW ROOF 20 YEAR WARRANTY)
  • 20+ YEARS REMAINING IN LEASE TERM WITH (5) FIVE YEAR OPTIONS TO RENEW
  • 10% RENT INCREASES EVERY FIVE YEARS IN THE OPTION PERIODS
  • RECENT 20 YEAR LEASE RENEWAL PROVES CVS’ STRONG COMMITMENT TO LOCATION