Share This Listing

Message

915 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Atlanta MSA Walgreens | High Traffic | 9 CAP 590 Thornton Rd 13,614 SF Retail Building Lithia Springs, GA 30122 $5,504,113 CAD ($404.30 CAD/SF) 9% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Frontage on Thornton Road (47,300 VPD) and Maxham Road (32,400 VPD).
  • Douglas County is part of Amazon Web Services’ $11 billion investment in Georgia’s cloud and data center infrastructure.
  • Thornton Road/State Route 6 serves as the main retail corridor in this market with a strong mix of complimentary national and regional tenants.
  • Close proximity to Amazon ATL8, Lineage Logistics, GXO Logistics, and Medline distribution centers, with ±24.9 million square feet of industrial space
  • Absolute triple-net (NNN) lease through September 2028 with ten (5-year) renewal options.

EXECUTIVE SUMMARY

We are offering for sale the Walgreens property located at 590 Thornton Road, Lithia Springs, GA 30122 (the “Property”). Walgreens has operated at this site under an absolute triple-net (NNN) lease with no landlord responsibilities. The lease runs through September 30, 2028, with ten (5-year) renewal options.
The Property is located approximately 17 miles west of Downtown Atlanta, strategically situated near major thoroughfares including Interstate 20, Interstate 285, and Route 6. It is located within the I-20 West industrial corridor, a key regional logistics hub comprising approximately 24.9 million square feet of industrial space. The area is home to major distribution operations for companies such as Amazon (ATL8 Fulfillment Center), GXO Logistics, Lineage Logistics, and Medline Industries.
The location also sits within one of metro Atlanta’s most active data center clusters. In January 2025, Amazon Web Services (AWS) announced an $11 billion investment in data center infrastructure in Georgia, with part of that development located in Douglas County. Lithia Springs is also home to facilities operated by DataBank, STACK Infrastructure, and PwC, supporting the area's role in Atlanta’s expanding digital infrastructure market.
Listed in conjunction with Brian Brockman, Bang Realty - Georgia Inc, 513-898-1551, wg@bangrealty.com, GA DRE Lic. 378952.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,614 SF
Building Class
C
Year Built
2003
Price
$5,504,113 CAD
Price Per SF
$404.30 CAD
Cap Rate
9%
NOI
$495,412 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.00 AC
Zoning
2 - Commercial
Parking
52 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
333’ on Maxham Rd

AMENITIES

  • Bus Line
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Car Charging Station

NEARBY MAJOR RETAILERS

Chase Bank
Regions Bank
Kroger
Zaxby's
Waffle House
Applebee's
Truist
Checkers
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4182-04-2-0-005
Land Assessment
$413,436 CAD
Improvements Assessment
$828,948 CAD
Total Assessment
$1,242,385 CAD
  • Listing ID: 35638684

  • Date on Market: 2025-04-25

  • Last Updated:

  • Address: 590 Thornton Rd, Lithia Springs, GA 30122

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}