Walgreens | 2060 GA Highway 40 E
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Walgreens 2060 GA Highway 40 E
14,748 SF Retail Building Kingsland, GA 31548 $3,794,000 ($257/SF) 6.25% Cap Rate
Investment Highlights
- Great visibility & access from signalized corner intersection | GA Highway 40 East & Kings Bay Rd | 36,000 VPD combined
- Absolute Net Lease | Zero landlord responsibilities
- Explosive population growth within 1 mile | 87.85% from 2010-2024
- New 15-year lease extension | Showing tenant commitment to the site | Leased since 2008
- Located inside of dense retail corridor | 1.3M SF within a 2-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Kingsland, GA. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
14,748 SF
Building Class
B
Year Built
2008
Price
$3,794,000
Price Per SF
$257
Cap Rate
6.25%
NOI
$237,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
1.59 AC
Zoning
002
Parking
68 Spaces (4.61 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
Parcel Number | 121 003J | Improvements Assessment | $550,346 |
Land Assessment | $90,300 | Total Assessment | $640,646 |
PROPERTY TAXES
Parcel Number
121 003J
Land Assessment
$90,300
Improvements Assessment
$550,346
Total Assessment
$640,646
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Walgreens | 2060 GA Highway 40 E
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