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Walgreens 2000 Veterans Blvd 14,553 SF Retail Building Dublin, GA 31021 $5,212,341 CAD ($358.16 CAD/SF) 8.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Located within the Macon MSA
  • NNN - No landlord responsibilities
  • Positioned at the corner of Hillcrest Pkwy (13,500 VPD) and Veterans Blvd (US-80) (12,500 VPD)
  • Recently executed renewal option with no landlord concession
  • Walgreens has been operating at this store since 2002 demonstrating their commitment to the location
  • 25,982 people live within ?ve miles of the property earning an average annual household income of $62,000

EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Macon MSA in Dublin, Georgia. The Walgreens lease has over 3 years remaining on the primary term with three 5-year renewal options. The lease is triple net with zero landlord responsibilities. The tenant has been at this location since 2002 and recently executed the first renewal option with no concession which demonstrates their commitment to the site.
The 14,553 square foot building benefits from its location at the intersection of Hillcrest Pkwy and Veterans Blvd (US-80) with a combined vehicle count of 25,000 vehicles per day. The property is less than three miles from the heart of downtown Dublin and the surrounding retail corridor with tenants such as Walmart, OfficeMax, Home Depot, Kroger, AMC Theaters, TJ Maxx, McDonald’s, Starbucks, AutoZone, Dairy Queen, and more The property is within one mile of the Carl Vinson VA Medical Center (350 beds) as well as Fairview Park Hospital (190 beds). There are 25,982 people living within five miles of the property earning an average annual household income of $62,000. The Walgreens property is also surrounded by a number of residential neighborhoods providing a solid customer base.
The Walgreens lease expires on 1/22/2028 and features three 5-year renewal options. Walgreens is the largest drug retailing chain in the United States. Walgreens operates approximately 9,277 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its Omni channel business, Walgreens.com.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,553 SF
Building Class
C
Year Built
2003
Price
$5,212,341 CAD
Price Per SF
$358.16 CAD
Cap Rate
8.05%
NOI
$419,593 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.46 AC
Zoning
002

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Jan 2028

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 - - Jan 2028

NEARBY MAJOR RETAILERS

Applebee's
Capital City Bank
Ameris Bank
Rent-A-Center
Planet Fitness
Starbucks
Food Depot
Kroger
Waffle House
Golden Corral Buffet & Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
D04A-050
Land Assessment
$49,375 CAD
Improvements Assessment
$849,428 CAD
Total Assessment
$898,804 CAD
  • Listing ID: 31291389

  • Date on Market: 2024-03-21

  • Last Updated:

  • Address: 2000 Veterans Blvd, Dublin, GA 31021

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