- For Sale $2,403,616
- Property Type Retail - Freestanding
- Property Size 11,220 SF
- Lot Size 0.99 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1996
- Year Renovated 2018
- Date Updated Oct 29, 2024
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Attachments
Highlights
- 20% RENTAL INCREASE -a large 20% rental increase at the next tenant option. Tenant has reached out to Landlord multiple times about extending the lease for up to 10-years.
- STRONG STORE SALES - Walgreens reported $2,421,000 in store sales for the 2023 fiscal year.
- LOW PRICE POINT WALGREENS INVESTMENT - Rare opportunity to acquire a Walgreens at a low basis.
- EXCELLENT AREA - Walgreens is located directly next to national tenant, Ace Hardware and is near several other major national tenants including Advance Auto Parts, Lowe's, Kroger, Aldi, Burger King, KFC, McDonald's, Krystal, Dairy Queen, and many more.
- CORPORATE CREDIT RATED TENANT - Corporately Guaranteed Lease by Walgreens Boots Alliance (WBA), a publicly traded company with a BBB- Credit Rating.
- SITE COMMITMENT - The tenant signed a 10 year lease extension in 2017, showing their long term commitment to this location.
- LARGE FUTURE RENTAL INCREASE - There is a 20% rental increase available in 2027, affording a potential investor significant upside and potential appreciation in value should the tenant exercise their option to renew.
- MINIMAL LANDLORD RESPONSIBILITY - NN Lease with Landlord responsible for roof and structure only. The Landlord replaced the roof in 2017 which shall provide the future landlord with limited ongoing maintenance.
- ATLANTA, GA MSA - Griffin is part of the Atlanta Georgia MSA, home to the #1 Busiest Airport in the World and the 9th largest Economy in the United States.
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Contacts
Location
Getting Around
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Walk Score ®
69/100 Somewhat Walkable -
Bike Score ®
49/100 Somewhat Bikeable
- City Griffin, GA
- Zip Code 30224
Points of Interest
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Chevron
0.34 miles
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BP
0.36 miles
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Liberty
0.59 miles
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Shell
0.78 miles
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Marathon
1.51 miles
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Gulf
2.50 miles
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Murphy USA
2.63 miles
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City of Griffin Parking Deck
0.30 miles
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Griffin Park & Ride
2.11 miles
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Weaver Lot
9.97 miles
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Burger King
0.21 miles
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Waffle House
0.44 miles
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Krystal
0.45 miles
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Checkers
0.62 miles
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Taco Bell
0.64 miles
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Bojangles'
0.71 miles
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Chick-fil-A
0.84 miles
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DQ Grill & Chill
0.89 miles
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Sonic
1.04 miles
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Tim's Country Cookin
1.22 miles
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Food Depot
1.12 miles
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ALDI
1.39 miles
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Sears
1.59 miles
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Kroger
1.72 miles
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Ross
2.29 miles
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Marshalls
2.62 miles
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Walmart Supercenter
2.70 miles
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Bealls
2.73 miles
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Belk
2.81 miles
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Big Lots
2.87 miles
Frequently Asked Questions
How much does Walgreens cost?
The space currently listed for sale at Walgreens asks for $2,403,616.
What is the total square footage of Walgreens?
Walgreens totals 11,220 square feet.
When was this property built?
Walgreens was built in 1996.
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Contact Listing Broker
Paul Matusik
Prime Net Lease