1602 N Expressway - Drug Store FOR SALE


Griffin, GA 30223
$4,124,409 USD
980-498-3293
1602 N Expressway, Griffin, GA for Sale
$4,124,409 USD
Drug Store - FOR SALE
1/6
null | 6.35% Cap Rate

1602 N Expressway
Griffin, GA 30223


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 1602 North Expressway in Griffin, Georgia. The offering is 14,515 SF and sits atop 1.94 acres at the signalized intersection of North Expressway (US-41) and McIntosh Road, collectively seeing over 44,100 VPD. The subject property is located just two miles from downtown Griffin, the suburban community approximately forty miles south of Atlanta. Walgreens executed a long-term Abs NNN lease with rent commencing in January 2023. The 15-year lease provides just under 13 years of term remaining with Twelve (12), Five (5) Year Options thereafter. Walgreens is currently paying $261,900 with 5% rent increases every 5 years and at the start of each option. The lease is corporately guaranteed and calls for no landlord responsibilities, providing an investor surety of cash flow and a passive investment.

FOR SALE DETAILS

PRICE

$4,124,409 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

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

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.