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3059 Washington Rd
East Point, GA 30344
NNN Walgreens Pharmacy in Atlanta MSA · Retail Property For Sale
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
About 3059 WASHINGTON RD , EAST POINT, GA 30344
The investment opportunity is a NNN-leased Walgreens (formally a Rite Aid) located in the suburban Atlanta community of East Point, GA. The primary lease term of 20-years was set to expire in October 2016, but Rite-Aid has already exercised the first of four 5-year options. Currently, there are 4.5 years remaining on the lease with an annual rent of $155,766 (Lease expires 10/2021) This store has shown continuous growth year-after-year and fills a local market gap. The East Point Rite Aid is a 10,945 SF single-tenant retail building consisting of a single-story building completed in 1996 situated on a 1.45-acre parcel of land. Parking is provided via a surface lot with a total of 60 parking spaces. (5.5 per 1,000 SF) The Property is 100% occupied by Rite Aid, which has been in occupancy since 1996. Michael Alterman GA License #: 47101962
Property Taxes
| Parcel Number | 14-0190-0002-034-8 | Improvements Assessment | $784,280 |
| Land Assessment | $210,640 | Total Assessment | $994,920 |
Property Taxes
