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Walgreens 730 S Lewis St 11,180 SF Retail Building Metter, GA 30439 $1,982,985 CAD ($177.37 CAD/SF) 7.23% Cap Rate
Investment Highlights
- 5 Year Lease with Four(4), 5 Year Renewal Periods
- Proven Performance: Operating since 1995
- Location: Primes Access off Interstate-16
- Recent Improvements: Full Roof Replacement in 2019
- Competition: Closest Competitor is over 20 miles away
- Rent Growth: Built-In Rental Increases Throughout Option Periods
Executive Summary
The property is 100% leased to Walgreens, a nationally recognized credit tenant with a long-standing operating history at this location since 1995, providing stable and predictable cash flow.
The asset features a NNN lease structure, allowing for passive ownership with minimal landlord responsibilities (roof and structure only). The current lease term runs through June 2031, with four (4) additional 5-year renewal options, offering long-term income security and built-in rental growth.
Situated on approximately 1.75 acres with ample parking, the property serves as a dominant retail presence in the market, with limited nearby competition (nearest competitor over 20 miles away). The site benefits from strong local traffic patterns and proximity to I-16, making it a critical retail node for the surrounding trade area.
Recent capital improvements include a full roof replacement (2019), reducing near-term capital expenditure risk.
Offered at $1,495,000, the investment provides an attractive in-place cap rate of approximately 6.7%, with scheduled rent increases driving future yield.
This offering represents a compelling opportunity to acquire a stabilized, income-producing retail asset backed by a nationally recognized tenant in a supply-constrained market, ideal for 1031 exchange buyers or investors seeking long-term passive income.
Property Facts
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | M47-022-001 | Improvements Assessment | $191,008 CAD |
| Land Assessment | $118,698 CAD | Total Assessment | $309,706 CAD |
Property Taxes
Presented by
Walgreens | 730 S Lewis St
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