1602 N Expressway - Drug Store FOR SALE
Griffin, GA 30223 |
$4,190,400 USD
305-913-5545
1602 N Expressway
Griffin, GA 30223
HIGHLIGHTS
- Tenant has 13.6-years remaining on an absolute NNN lease structure with minimal landlord responsibilities and 5% rent bumps every 5 years
- Surrounding population of 49,000+ residents within a 5-mile radius
- The asset ranks in the 81st percentile of Walgreens stores in the state of Georgia (per Placer.ai)
- The property benefits from exposure to 49,300 VPD along Martin Luther King Blvd (N Expwy) and McIntosh Rd
- Adjacent to Griffin Crossing and North Griffin Square, which rank in the 99th and 78th percentile of community shopping centers in Georgia
- Property is situated on a large ~1.94-acre site approximately 35 miles south of downtown Atlanta
FOR SALE DETAILS
PRICE
$4,190,400 USD
PRICE/SF
$285 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.94 AC
LAND SF
84,506 SF
ZONING
02
APN/PARCEL ID
068-04-001
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305-913-5545
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305-913-5545
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