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CVS Pharmacy 620 West Pike Street, Lawrenceville, Georgia, 30045

 
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Verified : 12/20/2013 Active

CVS Pharmacy 620 West Pike Street, Lawrenceville, Georgia, 30045

$3,780,953   / For sale

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Property Highlights

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$3,780,953
Sale Price:
$3,780,953
Price/SF:
Unlisted
CAP Rate (%):
6.2
NOI:
$23,441,906
Net Lease:
Yes
Gross Leasable Area (SF):
10,318
Total Lot Size (SF):
67,820
Occupancy (%):
100
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Gwinnett
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
Unlisted
Net Rental Area:
10,318
Number Of Floors:
Unlisted
Number Of Units:
Unlisted
Year Of Build:
1998
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Single-Tenant
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted

Property Description

The property for sale is the CVS pharmacy located at 620 West Pike Street in Lawrenceville, Georgia. CVS signed the original 20 year double net (NN) lease on January 31, 1999, which includes (4) five year options. The 10,318-square foot building is situated on a 1.54 acre parcel just off of Duluth Highway 120, in Lawrenceville. Points of ingress and egress are located along Hurricane Shoals Road and West Pike Street. CVS is open 24-hours a day and offers customers a 24-hour drive-thru pharmacy. CVS store sales at this location have been historically high with sales reports of $6,562,089 in 2011 and $7,456,767 in 2012, indicating a higher probability of lease renewal.

Location Description

Located at the signalized intersection of West Pike Street (Duluth Highway 120) and Hurricane Shoals Road, the property is ideally situated in a strong retail area with local, regional and national tenants including: McDonald' s, Bank of America, Applebee' s, Wells Fargo Bank, Chik-fil-A, SunTrust Bank, Taco Bell, Gwinnett Medical Center, Wendy' s, and Burger King. Traffic counts along Duluth Highway 120 are in excess of 50,000 vehicles per day and over 16,000 vehicles per day along Hurricane Shoals Road. The Property is located thirty miles east of Atlanta, and has easy access to Interstate 85, a main thoroughfare traveling to the heart of Atlanta.