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10307 Tara Blvd, Jonesboro, GA, 30236

CVS
$3,329,851

Key Information

Cap Rate
7.25%
Tot. SF
10,125
Term Remaining
±2.4 Yrs
Type
Retail

Highlights

Strong Real Estate Fundamentals

  • Prime hard-corner location at a multi-signalized intersection
  • High-traffic corridor with ±47,000 vehicles per day (VPD) along Tara Boulevard and ±11,000 VPD along Tara Rd
  • Surrounded by eight schools, including Lovejoy High School, Jonesboro High School, and the Michelle Obama STEM Academy, with a combined student population of over ±9,000 within a 5-mile radius
  • Flat topography with excellent visibility from all directions and multiple points of ingress and egress
  • Dense and affluent trade areas
    • Population: ±6,486 (1-mi), ±45,254 (3-mi), ±106,893 (5-mi)
    • Avg. Household Income: $90,734 (1-mi), $99,714 (3-mi), $101,995 (5-mi)

Industry-Leading Tenant

  • CVS is the largest drugstore chain in the U.S. by revenue
  • Lease corporately guaranteed by CVS Health, rated ‘BBB’ by S&P (investment-grade)
  • CVS Health is ranked #10 on Fortune 500 list
  • Total revenue of $386.6 billion (TTM) with a market capitalization of $95.87 billion

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203