2414 Sylvester Rd - Drug Store FOR SALE


Albany, GA 31705
$3,035,300 USD
980-498-3293
2414 Sylvester Rd, Albany, GA for Sale
$3,035,300 USD
Drug Store - FOR SALE
1/8
null | 8.5% Cap Rate

2414 Sylvester Rd
Albany, GA 31705


HIGHLIGHTS

  • Absolute NNN lease affords zero landlord responsibilities and a completely passive investment
  • Walgreens has operated at this site since 2008 and features over 7 years of primary term remaining

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 2414 Sylvester Road in Albany, Georgia. The offering is 14,820 SF and sits atop 3.54 acres at the signalized intersection of Sylvester Road (US-82) and Johnson Road, collectively seeing over 37,100 VPD. The subject property is located just four miles from downtown Albany, a key regional city in the southwest corner of Georgia. Walgreens executed a long-term Abs NNN lease with rent commencing in January 2008. Primary lease term for Walgreens expires 1/31/2033. Walgreens lease is corporately guaranteed and calls for no landlord responsibilities.

FOR SALE DETAILS

PRICE

$3,035,300 USD

PRICE/SF

$206 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

C3

APN/PARCEL ID

0000J-00020-002

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.