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

$2,819,700

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 major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.