817 Shotwell StBainbridge, GA 39817

Property Details for 817 Shotwell St

Year built

1999

Construction

STEEL FRAME

Lot size

1.78 AC

Property size (Sq ft)

10,125 SF

Property type

Drug stores

APN

B0470-131-000

APU

B0470131000

Description

This exceptional investment opportunity presents a single-tenant, net-leased CVS Pharmacy located at 817 E Shotwell St, Bainbridge, GA 39817. The property boasts 10,199 square feet on a 1.78-acre lot, built in 1999. Currently operating at 100% occupancy, the lease with CVS Health Corp. extends until June 30, 2037, offering a substantial remaining term of 12.6 years. The lease includes 5 x 5-year options with a 10% rent increase per option. The property generates a strong NOI of $185,500, resulting in a compelling 6.10% cap rate and a price per square foot of $298.16. The asking price is $3,040,983. This strategically located property sits on a signalized corner, adjacent to a Winn-Dixie anchored shopping center, providing excellent visibility and accessibility. The property benefits from a strong demographic profile, with average household incomes exceeding $62,000 within a 3-mile radius. The tenant, CVS Health Corp., is an investment-grade tenant with a BBB/Stable rating from S&P, providing significant financial security. The property is part of the Tallahassee, FL-Bainbridge, GA Combined Statistical Area (CSA), a thriving market with a population exceeding 4 million, anchored by the Florida state capital and major universities. This presents a rare opportunity to acquire a high-performing, net-leased asset with a long-term, creditworthy tenant in a desirable location.

Location Insight

City

Bainbridge

County

Decatur

State

Georgia

Latitude

30.9044

Longitude

-84.5673

CBSA code

12460

CBSA name

BAINBRIDGE, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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