1602 N Expressway | Griffin, GA 30223
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1602 N Expressway
Griffin, GA 30223
Retail Property For Sale
Investment Highlights
- Tenant has 13.6-years remaining on an absolute NNN lease structure with minimal landlord responsibilities and 5% rent bumps every 5 years
- The asset ranks in the 81st percentile of Walgreens stores in the state of Georgia (per Placer.ai)
- Adjacent to Griffin Crossing and North Griffin Square, which rank in the 99th and 78th percentile of community shopping centers in Georgia
- Surrounding population of 49,000+ residents within a 5-mile radius
- The property benefits from exposure to 49,300 VPD along Martin Luther King Blvd (N Expwy) and McIntosh Rd
- Property is situated on a large ~1.94-acre site approximately 35 miles south of downtown Atlanta
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,725 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.94 AC
Zoning
02
Frontage
137 FT on North Expressway
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 068-04-001 | Improvements Assessment | $942,083 |
| Land Assessment | $537,917 | Total Assessment | $1,480,000 |
PROPERTY TAXES
Parcel Number
068-04-001
Land Assessment
$537,917
Improvements Assessment
$942,083
Total Assessment
$1,480,000
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