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1400 Park Hill Dr
Gainesville, GA 30501

$2,735,042 USD

Drugstore For Sale  •  10,921 SF

Property Details

• Property Type Drugstore
• Total Building Size 10,921 SF
• Lot Size 2.46 AC
• Building Class B
• Year Built 2003
• Cap Rate 5.85 %
• Tenancy Single
• Zoning O-1

0 Transit Score

29 Walk Score

Highlights

Absolute NNN Lease Structure: 15+ years remaining with no landlord responsibilities providing passive ownership

Investment Grade Credit: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P

Low Rent: Annual rental rate is well below the national average for similar drug store assets available

Historical Tenancy: The tenant has occupied the property for 20+ years showing a commitment to the local customer base

Location: Positioned at a signalized hard corner in a growing market outside of Atlanta with average household incomes of $85,000 within 3 miles

Cap Rate:

5.85 %

Amenities

• Drive Thru

Public Transportation

Commuter Rail	Drive	Walk	Distance
Gainesville Amtrak Station (Crescent - Amtrak)	5 min	-	2.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	45
Type:	Surface
Included in Rent:	Yes