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Walgreens 2414 Sylvester Rd 14,770 SF Retail Building Albany, GA 31705 $3,920,144 CAD ($265.41 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

$3,920,144 CAD

Price Per SF

$265.41 CAD

Cap Rate

9.15%

NOI

$358,690 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
-
$24.27 CAD
Triple Net
Jan 2033

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.