Strong Real Estate Fundamentals
- Prime location at the heart of the primary retail corridor with national credit tenants nearby, including Walmart, Home Depot, AutoZone, Wendy’s, McDonald’s, and Burger King, driving strong daily foot traffic.
- Positioned on the hard corner of M.L.K. Jr Dr SW and Hamilton E Holmes Dr NW, benefiting from combined traffic counts of 35,500 cars per day.
- First drugstore off the I-20 Freeway exit at Hamilton E Holmes Dr NW, which carries 230,000 vehicles per day, connecting major southern cities.
- Close proximity to a cluster of universities—Morehouse College, Clark Atlanta University, Georgia Institute of Technology, and Spelman College—totaling nearly 60,000 students.
- Long-term lease in place with seven (7) years remaining on the base term, plus six (6) additional five (5) year renewal options.
Category-Leading Tenant
- CVS Health is the largest U.S. drugstore chain by revenue.
- Corporately guaranteed with investment-grade credit rating of BBB (Standard & Poor’s).
- Ranked #10 on the Fortune 500 with total revenue of $386.6B (TTM) and market capitalization of $95.87B.
Desirable Unit-Level Attributes
- RARE HealthHUB & MinuteClinic Location:
- HealthHUB: Expanded wellness services, chronic condition management, concierge care, licensed therapists/counselors, wellness rooms, and monitoring kiosks (e.g., blood pressure, BMI).
- MinuteClinic: Walk-in and scheduled care for common illnesses, vaccinations, screenings, and minor health issues.
- HealthHUB locations provide the added benefit of generating higher ancillary revenue, complementing CVS’s strong brand and recurring patient volume to ensure stable and diversified cash flow.
- Top 12% performing CVS location in Georgia; ranked among the top 20% nationwide (AlphaMaps).
Atlanta MSA Advantage
- Atlanta Metro: 5th largest U.S. population with 5.9M+ residents.
- Home to 30 Fortune 1000 headquarters, including 16 in the Fortune 500.
- Georgia consistently ranked #1 state for business climate and operational ease for six consecutive years (Site Selection & Development).
- Atlanta ranks among the top 5 metros for net migration over the past five years.
- Strong local economy with leading industries in financial services, technology, and telecommunications.
- Forbes Rankings:
- #13 Best Place for Business and Careers
- #34 in Job Growth
- #41 in Education Quality