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Walgreens 2 W Main St 11,363 SF Retail Building Claxton, GA 30417 $1,644,000 ($144.68/SF) 8.75% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease | Options To Extend | Drive-Thru Equipped | Established Operator
- Signalized, Hard Corner | Excellent Frontage & Visibility | Located Near National/Credit Tenants
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Walgreens Corporate Guaranteed Lease
• The property is drive-thru equipped, offering added customer convenience and supporting future redevelopment potential
• Over 1 year remaining, with six (5-year) option periods to extend, and $1/SF/YR rental increases at the beginning of each option period, increasing the NOI and hedging against inflation
• The tenant has operated at this location since 1997, demonstrating the tenant’s commitment to the site
• The property is drive-thru equipped, offering added customer convenience and supporting future redevelopment potential
• Over 1 year remaining, with six (5-year) option periods to extend, and $1/SF/YR rental increases at the beginning of each option period, increasing the NOI and hedging against inflation
• The tenant has operated at this location since 1997, demonstrating the tenant’s commitment to the site
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,363 SF
Building Class
C
Year Built/Renovated
1997/2002
Price
$1,644,000
Price Per SF
$144.68
Cap Rate
8.75%
NOI
$143,833
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
50 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
453’ on Main St
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | C23-127 | Improvements Assessment | $416,760 |
| Land Assessment | $53,680 | Total Assessment | $470,440 |
Property Taxes
Parcel Number
C23-127
Land Assessment
$53,680
Improvements Assessment
$416,760
Total Assessment
$470,440
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Walgreens | 2 W Main St
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