1602 N Expressway
Griffin, GA 30223
Retail Property For Sale

Forged Real Estate is pleased to exclusively offer the fee simple interest in a single-tenant Walgreens property located in Griffin, Georgia, the
county seat of Spalding County, approximately 35 miles south of downtown Atlanta. The property is leased to Walgreens under a fee simple, triple-net (NNN) lease with approximately 12 years remaining, providing passive, hands-off ownership. The lease provides a 5% rental increase in March 2028 and every five years thereafter—an uncommon feature for Walgreens leases—delivering built-in income growth.
The property is positioned at the signalized intersection of N. Expressway (US-41) and McIntosh Road, with a combined traffic count of approximately 49,500 vehicles per day. Three points of ingress and egress, excellent visibility, and a drive-thru pharmacy enhance accessibility and consumer convenience. This location ranks in the 72nd percentile of Walgreens stores in Georgia, supported by strong surrounding retail anchors including a top-performing Kroger and Walmart Supercenter.
Located within the Atlanta MSA, the nation’s 8th largest metro area, the property benefits from strong regional demographics and ongoing residential growth, with over 400 new apartment units recently delivered or under development within a three-mile radius. Walgreens is one of the nation’s largest drugstore operators, with approximately 8,000 locations nationwide and a well-established presence in healthcare services.