| Purchase Price | $7,600,000 |
|---|---|
| Annual Rental Income | $380,000 |
| Cap Rate | 5% |
| Lease Term | 20 Years |
| City | Alpharetta |
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CVS Pharmacy – Alpharetta, GA (Atlanta MSA)
This CVS Pharmacy located in Alpharetta, Georgia — part of the thriving Atlanta metropolitan area — is secured by an absolute triple-net (NNN) lease with CVS Health, a Fortune 500, investment-grade tenant. The investment offers truly passive income with zero landlord obligations, backed by an essential-service provider in a premier high-growth suburban market.
Tenant Overview
CVS Pharmacy, a subsidiary of CVS Health (NYSE: CVS), operates over 9,000 locations across the U.S. The company provides prescription services, immunizations, walk-in clinic access, plus a wide selection of front-end retail items such as over-the-counter medications, personal care products, and convenience groceries. Ongoing investments in healthcare services position CVS as a long-term community cornerstone.
Lease Structure
The property is under an absolute NNN lease, meaning CVS is fully responsible for all property expenses—taxes, insurance, maintenance, and capital repairs. This structure ensures truly passive income for the investor. Leases typically include long initial terms plus multiple renewal options, offering income stability and minimal rollover risk.
Alpharetta Market Overview
Alpharetta is one of Atlanta’s most affluent and rapidly growing suburbs, with a population surpassing 70,000 and a vibrant retail landscape. The city is a well-established hub for technology firms, corporate headquarters, healthcare providers, and professional services. Frequent cultural and lifestyle amenities have attracted young professionals and families seeking premium suburban living.
Demographics & Growth Drivers
The Alpharetta market features high median household incomes, top-tier educational attainment, and steady population growth. The area’s well-educated, high-earning demographic supports strong demand for accessible pharmacy and retail services. Continued residential and commercial development has driven daily traffic and long-term opportunity for national retailers like CVS.
Retail Role & Community Importance
CVS plays a central role in supporting Alpharetta’s lifestyle, offering critical health services and daily essentials in one convenient location. The store benefits from high-frequency visits from a diverse consumer base, including professionals, families, and seniors. Its visibility and accessibility along major roadways facilitate strong customer flow and operational resilience.
Tenant Credit & Investment Security
CVS Health is an investment-grade tenant with stable financial performance and national brand leadership. Its integration of retail and healthcare services reinforces long-term relevance and community engagement. The corporate-backed lease structure ensures minimal vacancy risk and dependable passive income.
Investment Highlights