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5707 Veterans Pky 14,378 SF Retail Building Columbus, GA 31904 $3,120,923 ($217.06/SF) 6.50% Cap Rate

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EXECUTIVE SUMMARY

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.

Columbus GA - Walgreens OM - compressed

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,378 SF

Building Class

Year Built

2001

Price

$3,120,923

Price Per SF

$217.06

Cap Rate

6.50%

NOI

$202,860

Tenancy

Single

Building Height

1 Story

Building FAR

0.19

Lot Size

1.73 AC

Zoning

Commercial

Frontage

359’ on Veterans Pky

Bus Line

Signage

Signalized Intersection

Drive Thru

MAJOR TENANTS

Retailer
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Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.