For Sale
$1,595,000

330 Greene StMonticello, GA 31064

High-Yield CVS Pharmacy, Georgia

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 8,470 SF freestanding retail building on a 0.91-acre lot.
  • CVS Pharmacy occupies the entire building under a NNN lease with a corporate guarantee, recently exercising a 5-year lease option with a 10% rent increase and one remaining 5-year option.
  • Located in a prime Monticello, GA location, zoned Community Commercial.
  • The nearest competing national drugstore is 17 miles away.

Property Details for 330 Greene St

Property type
Retail properties, Drug stores
Square Feet
8,470 SF
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Monticello
County
Jasper
State
Georgia
Latitude
33.30351456838
Longitude
-83.680985442612
330 Greene St, Monticello, Georgia

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330 Greene St
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