Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

949 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Walgreens 2414 Sylvester Rd 14,770 SF Retail Building Albany, GA 31705 $2,819,700 ($190.91/SF) 9.15% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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

$2,819,700

Price Per SF

$190.91

Cap Rate

9.15%

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 is a U.S.-based retail pharmacy chain that provides prescription dispensing, health services, and a broad range of retail products. The company was founded in 1901 by Charles R. Walgreen in Chicago, Illinois. Over time, Walgreens expanded from a single neighborhood pharmacy into a national retail and healthcare platform operating under a direct-to-consumer model. Walgreens became part of a global retail pharmacy organization following the 2014 transaction that formed Walgreens Boots Alliance. The company continues to operate its U.S. pharmacy and retail business under the Walgreens brand and maintains its corporate headquarters in Deerfield, Illinois. Walgreens operates as a subsidiary within a larger corporate structure and is publicly traded through its parent company.