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1602 N Expressway 14,515 SF Retail Building Griffin, GA 30223 $5,757,345 CAD ($396.65 CAD/SF) 6.35% Cap Rate
EXECUTIVE SUMMARY
solicit offers for the sale of Walgreens located at 1602 North
Expressway in Griffin, Georgia. The offering is 14,515 SF and
sits atop 1.94 acres at the signalized intersection of North
Expressway (US-41) and McIntosh Road, collectively seeing
over 44,100 VPD. The subject property is located just two
miles from downtown Griffin, the suburban community
approximately forty miles south of Atlanta.
Walgreens executed a long-term Abs NNN lease with rent
commencing in January 2023. The 15-year lease provides
just under 13 years of term remaining with Twelve (12), Five
(5) Year Options thereafter. Walgreens is currently paying
$261,900 with 5% rent increases every 5 years and at the
start of each option. The lease is corporately guaranteed and
calls for no landlord responsibilities, providing an investor
surety of cash flow and a passive investment.
PROPERTY FACTS
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 068-04-001 | Improvements Assessment | $1,328,441 CAD |
| Land Assessment | $758,522 CAD | Total Assessment | $2,086,963 CAD |
PROPERTY TAXES
CONTACTS
-
David Hoppe -
Eric Suffoletto -
Danny Griffin -
Ben Olmstead -
Atlantic Capital Partners
Presented by
1602 N Expressway
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