Walgreens 2060 GA Highway 40 E 14,748 SF Retail Building Kingsland, GA 31548 $3,648,000 ($247.36/SF) 6.50% Cap Rate
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
Building Size
14,748 SF
Building Class
B
Year Built
2008
Price
$3,648,000
Price Per SF
$247.36
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
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- 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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,809 SF | - | Triple Net | Feb 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 121-003J | Improvements Assessment | $548,379 |
| Land Assessment | $90,300 | Total Assessment | $638,679 |
