CVS
Closed9849 Rome Blvd, Summerville, GA 30747
Property type
Retail
Unit / Space count
1
Price
$4,750,000
Building size
12,177 sf
Rentable area
12,177 SF
Year built
2004
Year renovated
Occupancy
Zoning code
Lot size
1.51 Acres
Sold/status
Sold · Date unknown
Sale price
$4750000
Property description
Franklin Street is pleased to present this CVS Pharmacy in Summerville, Georgia. Summerville is located in the Northwest Georgia and popular weekend getaway spot for Atlanta residents due to its numerous festivals and outdoor activities. Located just an hour and a half from Atlanta to the northwest. CVS has been at this location since 2007 and recently agreed to extend their lease 20 additional years, showing their commitment to the site due to their high sales. The property is located at the center of the retail trade area at the intersection of Hwy 48 & Hwy 27. The lease is truly a passive structure, where the tenant shall pay all expenses related to the maintenance and repair of the premises, and taxes and insurance costs. Many national retailers surround the property including: Ingles, Dollar General, Family Dollar, Subway, Advance Auto, Pizza Hut, among others.
Property highlights
- New 20-Year lease extension from CVS showing commitment to the site
- No landlord maintenance: Absolute NNN lease
- Located at the center of the market for Summerville
- Investment grade tenant: BBB S&P Credit Rating
- Excellent visibility: 35,300 VPD combined at this intersection
- Services a large trade area: Next closest CVS is 19 miles away
- 5% rental bumps in each option to renew
- No Rent Holiday