330 Greene StMonticello, GA 31064

Property Details for 330 Greene St

Year built

1994

Construction

TYPE NOT SPECIFIED

Lot size

1.69 AC

Property size (Sq ft)

8,800 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Drug stores

APN

M05A- -048

APU

M05A048

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,779,480

  6.5%

  $2,565,674

  7%

  $2,382,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,325,650

  Geo Method

  $4,325,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,164,242

  Hospitality

  $1,982,434

  Educational

  $1,649,362

  Medical

  $1,706,086

  Retail

  $2,565,674

Location Insight

City

Monticello

County

Jasper

State

Georgia

Latitude

33.3032

Longitude

-83.6809

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].