Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 5707 Veterans Parkway in Columbus, Georgia. The offering is 14,462 SF and sits atop 1.73 acres at the signalized intersection of Veterans Parkway and Whitesville Road, collectively seeing over 48,510 VPD. The subject property is located just five miles from downtown Columbus, Georgia’s second-largest city and major economic hub in Southwest Georgia.
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$202,860 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.