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Walgreens 2414 Sylvester Rd 14,770 SF Retail Building Albany, GA 31705 $3,967,318 CAD ($268.61 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
$3,967,318 CAD
Price Per SF
$268.61 CAD
Cap Rate
9.15%
NOI
$363,007 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
- -
- $24.58 CAD
- Triple Net
- Jan 2033
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $24.58 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 | $831,650 CAD |
| Land Assessment | $226,471 CAD | Total Assessment | $1,058,120 CAD |
Property Taxes
Parcel Number
0000J-00020-002
Land Assessment
$226,471 CAD
Improvements Assessment
$831,650 CAD
Total Assessment
$1,058,120 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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