CVS

817 East Shotwell St, Bainbridge, GA
Deal Type:
Net Lease
Price:
$3,040,983
Cap Rate:
6.10%
Current Rent:
$185,500
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date:
Approx. 13 years
Renewal Options:
Five, 5-Year
Building Sq. Ft.:
10,199 SF
Rent Increases:
10% per option
Site Size:
1.78 Acres

Investment Highlights

  • Location: The property is well positioned within the market at a signalized corner, adjacent to a Winn Dixie anchored shopping center, and has three points in ingress/egress
  • Part of the Tallahassee, FL-Bainbridge, GA CSA: Tallahassee, the capital of Florida, anchors a trade area with a population exceeding 4 million. It houses key state government offices, employing a substantial portion of the local workforce, and is a hub for Florida State University and Florida A&M University.
  • Demographics: Positioned at a signalized hard corner in a growing market of Tallahassee with average household incomes in excess of $62,000 within 3 miles
  • Investment Grade Tenant: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]
Jordan Williams Stream Capital Partners

Jordan Williams

Senior Associate
205 209 5671
[email protected]

Broker of Record: Dean Copans, Lic. #430314

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