2098 Ga-20McDonough, GA 30253

Property Details for 2098 Ga-20

Year built

2007

Lot size

1.86 AC

Property size (Sq ft)

13,013 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 2098 GA-20, Unit 1, McDonough, GA 30253. The 13,013 square foot property, built in 2007, sits on a 1.86-acre lot at a hard corner intersection of Highway 20 & Westridge Parkway. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $410,560. The absolute NNN lease with CVS Pharmacy has 8.2 years remaining, with four 5-year renewal options, extending the lease to January 31, 2033. The property benefits from a prime location in a high-traffic area with limited competition – the nearest pharmacy is four miles away. The surrounding area exhibits a low retail market vacancy rate of 1.8% and an above-average average household income (AHHI) of $91,990 within a one-mile radius. This is a rare opportunity to acquire a high-performing, net-leased asset with a long-term tenant in a thriving market. The asking price is $5,865,142, translating to $450.71 per square foot. The property's strong financials, coupled with its desirable location and long-term lease, make it an attractive investment for discerning buyers.

Location Insight

City

McDonough

County

Henry

State

Georgia

Latitude

33.4136

Longitude

-84.1991

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