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.