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Walgreens 2060 GA Highway 40 E

14,748 SF Retail Building Kingsland, GA 31548 $3,648,000 ($247/SF) 6.50% Cap Rate

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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
Large parcel | 1.59 acres

New 15-year lease extension | Showing tenant commitment to the site | Leased since 2008
Corporate lease | Walgreen Co. | 8,886 locations nationwide
Located inside of dense retail corridor | 1.3 M 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

Drug Store

Building Size

14,748 SF

Building Class

Year Built

2008

Price

$3,648,000

Price Per SF

$247

Cap Rate

6.50%

NOI

$237,125

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.59 AC

Zoning

002

Parking

68 Spaces (4.61 Spaces per 1,000 SF Leased)

Amenities

Pylon Sign

Signage

Signalized Intersection

Drive Thru

MAJOR TENANTS

Retailer
14,809 SF
-
Triple Net
Feb 2039

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.