CVS Pharmacy NNN Property For Sale — Atlanta, GA
2429 MLK Jr Dr SW, Atlanta, GA 30311
This CVS Pharmacy investment property in Atlanta, Georgia offers a secure asset with a NNN lease. The tenant, Georgia CVS Pharmacy, LLC, demonstrates commitment with over 7 years remaining on its lease and 6 (5-year) options to extend. The lease includes 5% rental increases at the start of each option period, providing a steady increase in Net Operating Income and protection against inflation. The NNN lease structure ensures minimal landlord responsibilities, making this an ideal, low-management investment.
- Address: 2429 MLK Jr Dr SW, Atlanta, GA 30311
- Asking price $4.64M
- 6.00% cap rate
- NOI $278,479
- 7 years remaining
- NNN lease
- Building size: 13,020 SF
- Rent increases: 5-year option periods
- Guarantor: Corporate
Location
This CVS Pharmacy property is at 2429 MLK Jr Dr SW in Atlanta, Georgia.
Asset type: Retail