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

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

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