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Dark Walgreens | Macon, GA (Gray Hwy) 1280 Gray Hwy 15,035 SF Retail Building Macon-Bibb, GA 31211 $2,475,000 ($164.62/SF) 14.34% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Triple Net (NNN) Lease - Zero Landlord Responsibilities
  • Drive Thru Location - Opportunity Zone
  • Festival Location - Hosted 11 Million Visitors in 2022
  • Over Two (2.5) Years Remaining - Corporate Tenant
  • Highly Trafficked Intersection - 66,900 CPD
  • 8 Mins from Mercer University - 75 Mins from Atlanta, GA

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,035 SF
Building Class
B
Year Built
2002
Price
$2,475,000
Price Per SF
$164.62
Cap Rate
14.34%
NOI
$355,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.65 AC
Opportunity Zone
Yes
Zoning
HC - Highway Commercial
Parking
64 Spaces (4.26 Spaces per 1,000 SF Leased)

AMENITIES

  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

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.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Bank of America
Truist
Krystal
Waffle House
Kroger
Wnb Factory

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R064-0232
Land Assessment
$258,347
Improvements Assessment
$674,594
Total Assessment
$932,941
  • Listing ID: 35658607

  • Date on Market: 4/28/2025

  • Last Updated:

  • Address: 1280 Gray Hwy, Macon-Bibb, GA 31211

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