204 Jonesboro Rd
McDonough, GA 30253
Walgreens Atlanta MSA 8 CAP Exercised Option · Retail Property For Sale

We are pleased to present for sale the opportunity to acquire the Walgreens property located in McDonough, GA. Walgreens has approved the first 5-year option after 19+ years of successful operating history at the location. The lease will have approximately 6+ years remaining with another eight (5-year) options to extend. The lease operates on a double net basis with landlord responsible for roof and structure. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB- (S&P) and is a Fortune 500 company with approximately 9,277 locations. The average household income is $86,192 5-mile radius and total population is 85,106 in a 5-mi radius. There are approximately 600 new single-family homes recently built within a two-mile radius of the subject property. The property is located at the signalized corner of Jonesboro Road and McDonough Parkway with a combined traffic count of ±38,454 vehicles per day. Interstate 75 is located approximately 2.5 miles west of the subject property with ±146,000 vehicles per day. The subject property is located on one the main arterials through McDonough directly across a Kroger anchored shopping center with national retail tenants in the immediate area such as McDonald's, Chase Bank, Pizza Hut, Waffle House, Subway, Dollar Tree and UPS. The subject property is located in a suburb twenty-eight miles southeast of downtown Atlanta, Georgia and is part of the Atlanta Metropolitan Statistical Area. This MSA is the largest in the state of Georgia and the ninth largest in the United States with over 6.5 million residents.