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Walgreens 2414 Sylvester Rd 14,770 SF Retail Building Albany, GA 31705 $3,846,748 CAD ($260.44 CAD/SF) 9.15% Cap Rate
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.
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.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,770 SF
Building Class
B
Year Built
2007
Price
$3,846,748 CAD
Price Per SF
$260.44 CAD
Cap Rate
9.15%
NOI
$351,975 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.57 AC
Zoning
C3
Parking
25 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $23.83 CAD
- Triple Net
- Jan 2033
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $23.83 CAD | Triple Net | Jan 2033 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0000J-00020-002 | Improvements Assessment | $820,307 CAD |
| Land Assessment | $223,382 CAD | Total Assessment | $1,043,689 CAD |
Property Taxes
Parcel Number
0000J-00020-002
Land Assessment
$223,382 CAD
Improvements Assessment
$820,307 CAD
Total Assessment
$1,043,689 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Danny Griffin -
Ben Olmstead -
Atlantic Capital Partners
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Walgreens | 2414 Sylvester Rd
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