CVS

1455 Moreland Ave SE
Atlanta, GA

Price: $5,948,000
Cap: 5.50%
NOI: $327,108
Building Size: 12,900 SF
Lot Size: 1.62 AC

Investment Highlights

LONG TERM NNN LEASE WITH RARE 5% INCREASES
• Subject property is a CVS on a 25-year lease with 14.5 years remaining.
• Rare 5% rent bumps every 5 years during initial lease and options.
• Tenant is responsible for all expenses which include taxes, CAM, insurance, roof and structure.

ATTRACTIVE RETAIL LOCATION
• Property is well located at a signalized intersection on busy Moreland Ave. SE (26,800 VPD).
• Adjacent national retailers include: Kroger, Aldi, Piggly Wiggly, Shoe Show, AutoZone, Chase Bank, O’Reilly, Dollar General, Popeye’s and More.
• The 5-mile population is 276,313 and the average household income is $68,432.
• Closest Walgreens or Rite Aid is over 5-Miles away.
• New Planned 3 story 17 unit multifamily development directly behind this CVS.

DOUBLE DRIVE THRU ACCESS
• This Pharmacy features full double drive-thru access.

TRENDY EAST ATLANTA MARKET
• Conveniently located minutes away from Downtown Atlanta, Hartsfield-Jackson Airport, Mercedes-Benz Dome, the Beltline, CNN Center, Centennial Olympic Park, and more.
• No longer “the best-kept secret in Atlanta”, East Atlanta is in a stage of steady growth and development due to the influx of millennials and young single families.
• Last year the number of homes sold increased 15% and sales prices increased 22%.
• East Atlanta hosts a number of popular events including the East Atlanta Strut, East Atlanta Craft Beer Festival, and the East Atlanta Village Farmers Market.

ATLANTA
• Atlanta is the state capital and the 9th largest MSA in the United States (pop. 5,884,736).
• 15 Fortune 500 companies are headquartered within metro Atlanta, which include Home Depot, UPS, Delta Airlines, and Coca-Cola.
• 785,000 new jobs forecast through 2025 (30% higher than the U.S. average).
• Home to the Atlanta Braves, Hawks, Falcons and host of the 2019 NFL Super Bowl.

INVESTMENT GRADE TENANT
• CVS is a publicly traded (NYSE: CVS) Fortune 500 Company and currently holds an investment grade rating of BBB with S&P.
• CVS is the largest pharmacy chain in the country and has a net worth of over $37B.
• There are currently more than 10,000 CVS locations in 45 states.
• Annual revenues increased 4.1% in 2017 and were over $184B.

Don McMinn
OFFERING MEMORANDUM

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