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- LoopNet Team
301 S Broad St
Thomasville, GA 31792
Walgreens (Former Rite Aid) · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
ABOUT 301 S BROAD ST , THOMASVILLE, GA 31792
This passive investment opportunity offers a risk averse buyer the ability to acquire a secure, sleep at night investment. Original lease is 20 years with an initial expiration date of 2024. The lease is a true NNN lease. The lease calls for very rare rent bumps because it had originated as a Rite Aid lease before being taken over by Walgreens. Additionally, the lease offers eight 5-year options, which is far superior to the current trends of 50x1 in standard Walgreen's lease. The site is surrounded by several hospitals and medical clinics, and is adjacent to one of the region's largest employers: Flowers Baking Industries. All of these elements contribute to the attractiveness of this investment opportunity.
PROPERTY TAXES
| Parcel Number | 005-029001 | Improvements Assessment | $446,481 |
| Land Assessment | $317,636 | Total Assessment | $764,117 |
PROPERTY TAXES
