569 Horizon PkwyGrovetown, GA 30813

Property Details for 569 Horizon Pkwy

Year built

2010

Lot size

4.41 AC

Property size (Sq ft)

11,945 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a 11,945 square foot CVS Pharmacy in Grovetown, Georgia. The property boasts a new 15-year absolute NNN lease with a credit-rated corporate guarantor (CVS Pharmacy), ensuring minimal landlord responsibilities. The lease features three 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $247,500, resulting in a 5.75% cap rate. Built in 2010, this strategically located retail property sits on a 4.41-acre lot, enjoying high visibility and accessibility via Horizon South Parkway and Wrightsboro Road, two major traffic arteries with a combined daily traffic count exceeding 24,100 vehicles. The property benefits from its proximity to a large John Deere production facility and numerous other national retailers, solidifying its position within a thriving retail hub. The lease expiration date is April 30, 2039, offering a substantial remaining lease term of approximately 14.4 years. This investment offers a compelling combination of strong tenant credit, a long-term lease, and a prime location, making it an attractive addition to any portfolio. The asking price is $4,304,348.

Location Insight

City

Grovetown

County

Columbia

State

Georgia

Latitude

33.4589

Longitude

-82.1935

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