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202 Grayson Highway, Lawrenceville, GA, 30046

CVS Pharmacy

$3,089,000

Key Information

Cap Rate
6.35%
Tot. SF
10,125
Lot Size
1.26 Acres
Term Remaining
± 11.5 Years
Type
Retail
Occupancy
100%
NOI
$196,121

Highlights

• Fundamentally located on the hard corner of a 4-way signalized intersection
• Highly trafficked intersection with ±32,100 VPD along Clayton St and ±24,100 VPD along Hwy 124
• Flat topography with strong visibility in all directions
Dense and affluent trade area
• CVS is the largest drugstore chain in the US by revenue
• Corporately guaranteed with investment grade bond rating of ‘BBB’ (Standard & Poor’s)
• CVS Health is ranked #10 on Fortune 500 list
• Total revenue of $386.6 B (TTM) with a market cap of $95.87B
• CVS has successfully operated at this location since 1998
• 20-year extension was executed in 2017
• Minimal landlord responsibilities
• New roof was installed in 2019
• ±14 years remain on premium NDL system warranty
• Lawrenceville is the county seat of Gwinnett County, one of the fastest growing counties in Georgia

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305