Walgreens 2000 Veterans Blvd 14,553 SF Retail Building Dublin, GA 31021 $3,785,590 ($260.12/SF) 8.05% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Macon MSA in Dublin, Georgia. The Walgreens lease has over 3 years remaining on the primary term with three 5-year renewal options. The lease is triple net with zero landlord responsibilities. The tenant has been at this location since 2002 and recently executed the first renewal option with no concession which demonstrates their commitment to the site.
The 14,553 square foot building benefits from its location at the intersection of Hillcrest Pkwy and Veterans Blvd (US-80) with a combined vehicle count of 25,000 vehicles per day. The property is less than three miles from the heart of downtown Dublin and the surrounding retail corridor with tenants such as Walmart, OfficeMax, Home Depot, Kroger, AMC Theaters, TJ Maxx, McDonald’s, Starbucks, AutoZone, Dairy Queen, and more The property is within one mile of the Carl Vinson VA Medical Center (350 beds) as well as Fairview Park Hospital (190 beds). There are 25,982 people living within five miles of the property earning an average annual household income of $62,000. The Walgreens property is also surrounded by a number of residential neighborhoods providing a solid customer base.
The Walgreens lease expires on 1/22/2028 and features three 5-year renewal options. Walgreens is the largest drug retailing chain in the United States. Walgreens operates approximately 9,277 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its Omni channel business, Walgreens.com.