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202 Grayson Highway, Lawrenceville, GA, 30045

CVS
$3,089,000

Key Information

Cap Rate
6.35%
Tot. SF
10,125
Year Built
1998
Term Remaining
±12.25 Yrs
Type
Retail

Highlights

Strong Real Estate Fundamentals

  • Fundamentally located on the hard corner of a 4-way signalized intersection
  • Highly trafficked intersection with ±32,100 VPD along Clayton St and ±24,100 VPD along Hwy 124
  • Flat topography with strong visibility in all directions
  • Dense and affluent trade area:
    • Population: 9,434 (±1-mi); 80,795 (±3-mi), 203,333 (±5-mi)
    • Avg. Household Income: $67,701 (±1-mi); $98,849 (±3-mi); $118,826 (±5-mi)
  • Lawrenceville is the county seat of Gwinnett County, one of the fastest growing counties in Georgia

Industry-Leading Tenant

  • CVS is the largest drugstore chain in US by revenue
  • Corporately guaranteed with investment grade bond rating of ‘BBB’ (Standard & Poor’s)
  • CVS Health is ranked #10 on Fortune 500 list
  • Total revenue of $386.6 B (TTM) with a market cap of $95.87 B

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