• Address: 678 Johnson Ferry Road , Marietta, GA 30068 (map)
• Date Posted: 10/28/09

New CVS- Pharmacy in East Cobb (Atlanta MSA)
Features
Total Square Footage: 12,900
Lot Size: 2.0 acres
Property Type: Single Tenant net Leased
Year Built: 2009
Broker Name: Marcus & Millichap
Occupancy Rate: 100%
Floors in Bldg: 1
Pricing
Price: $4,680,000.00
Net Operating Income: $351,000
Cap Ratio: 7.5%
Description
Marcus & Millichap Net Leased Properties Group is pleased to offer exclusively for sale this "golden" location CVS in East Cobb / Marietta a highly affluent north western suburb of Atlanta on a 25-year NNN net-leased basis. This store is a 12,900 square feet built-to-suit for CVS with expected lease commencement in Mid November 2009.


The store is strategically located on Johnson Ferry Road and Lower Roswell Road in East Cobb / Marietta a highly affluent northern suburb of Atlanta. Area features over 340,000 population in a 15-minutes drive, average net worth of over $1.2M and over 64,000 average daily traffic.


Within 2-miles of the subject property there are over 1.7 million square feet of retail, numerous assisted living facilities, medical clinics and physician centers.


The investment offers a savvy investor to acquire a solid investment on a "golden" location Net leased on a 25-year term to CVS corp a BBB+ credit rating by S&P.

Contact: Russell Malayery, CCIM | 404.242.0006
For additional information, see: http://www.vflyer.com/home/crlk?id=2727552&ps=16 or reply to this ad.

Print Ad