June 2021 | Recently Sold – CVS Pharmacy, Alpharetta GA

Thomas Company is pleased to announce the recent sale of a CVS retail asset in Alpharetta, GA totaling +/- 13,225 square feet. The list price was $3.7 million. The buyer was attracted to the long-term lease, below-market rent, and Atlanta MSA location.


  • MANAGEMENT-FREE OWNERSHIP: The Tenant recently executed a 20-year absolute net lease (NNN) with no Landlord responsibilities whatsoever. The Tenant is responsible for all management and maintenance of the asset.
  • AFFLUENT ATLANTA SUBURB: 3-mile average household income of $151,633
  • BELOW-MARKET RENTAL RATE: CVS’s contractual rental rate was approximately 40% below fair market value.

Please give us a call to discuss our current availability or your investment criteria.