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Walgreens 2414 Sylvester Rd 14,770 SF Retail Building Albany, GA 31705 $2,866,700 ($194.09/SF) 9% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN lease affords zero landlord responsibilities and a completely passive investment

Walgreens has operated at this site since 2008 and features over 7 years of primary term remaining

EXECUTIVE SUMMARY

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 2414 Sylvester Road in Albany, Georgia. The offering is 14,820 SF and sits atop 3.54 acres at the signalized intersection of Sylvester Road (US-82) and Johnson Road, collectively seeing over 37,100 VPD. The subject property is located just four miles from downtown Albany, a key regional city in the southwest corner of Georgia.
Walgreens executed a long-term Abs NNN lease with rent commencing in January 2008. Primary lease term for Walgreens expires 1/31/2033. Walgreens lease is corporately guaranteed and calls for no landlord responsibilities.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,770 SF

Building Class

Year Built

2007

Price

$2,866,700

Price Per SF

$194.09

Cap Rate

NOI

$258,001

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

3.57 AC

Zoning

Parking

25 Spaces (1.69 Spaces per 1,000 SF Leased)

Frontage

515’ on Sylvester Rd

Corner Lot
Pylon Sign

Signage
Signalized Intersection

Drive Thru

Air Conditioning

MAJOR TENANTS

Retailer
-
$17.47
Triple Net
Jan 2033

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.