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Walgreens 2414 Sylvester Rd 14,770 SF Retail Building Albany, GA 31705 $3,919,355 CAD ($265.36 CAD/SF) 9.15% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN lease affords zero landlord responsibilities and a completely passive investment

Walgreens has operated at this site since 2008 and features over 7 years of primary term remaining

EXECUTIVE SUMMARY

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 2414 Sylvester Road in Albany, Georgia. The offering is 14,820 SF and sits atop 3.54 acres at the signalized intersection of Sylvester Road (US-82) and Johnson Road, collectively seeing over 37,100 VPD. The subject property is located just four miles from downtown Albany, a key regional city in the southwest corner of Georgia.
Walgreens executed a long-term Abs NNN lease with rent commencing in January 2008. Primary lease term for Walgreens expires 1/31/2033. Walgreens lease is corporately guaranteed and calls for no landlord responsibilities.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,770 SF

Building Class

Year Built

2007

Price

$3,919,355 CAD

Price Per SF

$265.36 CAD

Cap Rate

9.15%

NOI

$358,618 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

3.57 AC

Zoning

Parking

25 Spaces (1.69 Spaces per 1,000 SF Leased)

Frontage

515’ on Sylvester Rd

Corner Lot
Pylon Sign

Signage
Signalized Intersection

Drive Thru

Air Conditioning

MAJOR TENANTS

Retailer
-
$24.28 CAD
Triple Net
Jan 2033

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.