5304 Buford Hwy, Norcross, GA
Retail for Sale - $2,750,000 - 11,565 Sq. Ft. on 1.65 acres
Property Info
| CIMLS# | 510026 |
| Location 5304 Buford Hwy Norcross GA 30071 | |
| Updated | August 9th, 2012 |
| Type | Retail |
| Price | $2,750,000 |
| Building | 11,565 Sq. Ft. |
| Land | 1.65 acres |
Property Description
Rosano Partners is pleased to present an11,565 square foot CVS store in the city of Norcross, Gerogeia, located in the Atlanta MSA. The CVS store was originally built in 1997 and includes a second tenant, Able Cleaners, which has been there since inception. CVS recently exercised its first option with an 8% increase in rent. The CVS lease is guaranteed by CVS Center, Inc. and has three additional 5-year options with rent increases in each option. The lease is double-net with the landlord responsible for roof, structure and parking lot.
Norcross is a ethnically diverse city, located in the Atlanta MSA. Within 5 miles, the population is over 200,000. The CVS store is located between the heavily trafficked Buford Highway and Langford Road.
Financials
Year 2012
Scheduled Gross Income $250,947
Effective Gross Income $300,539
Operating Expenses $47,055
Net Operating Income $253,485
Pre-Tax Cash Flow $253,485
