4519 Dallas Acworth Hwy
Dallas, GA 30132
Walgreens | 12.5 Years | NNN | 6.50 CAP · Retail Property For Sale

We are pleased to present for sale the opportunity to acquire the Walgreens property located in the Top 10 Atlanta MSA are of Dallas, GA. This property is available for purchase and operates on an absolute net lease basis with ±12.5 years remaining on the lease term and 50 years in options to follow and no landlord responsibilities whatsoever. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB (S&P) and is a top 20 Fortune 500 company with approximately 9,500 locations. Walgreens acquired the Rite Aid directly across the street from the subject property, closed it and transferred all prescriptions to this location. Purchase is subject to buyer assuming the current interest only loan with a balance of $2,800,000 and a monthly debt service of $11,450. Cash required for down payment is $1,523,077 and the annual cash flow after debt service is $143,599 for a cash on cash return of 9.42%. Loan is non-recourse and there is a one percent (1%) assumption fee paid by buyer. Loan due date is 1/25/2028. The subject property is located on the main retail corridor of Dallas, GA. National retail tenants close to the site include Publix Super Markets, Dollar General, Dominos, Little Caesars, Shell, Dollar Tree and Waffle House. The next nearest grocery store anchored intersection is 4.4 miles to the northeast. Subject property is located on the northwest quadrant of the Atlanta MSA about thirty-seven miles north of downtown Atlanta and thirty-four miles from the Atlanta International Airport. The Atlanta MSA has over 5,500,000 residents. The subject property is located in area with an above average household income. The average household income in a 1-mile radius is $76,512, it is $72,751 within a 3-mile radius and it is $88,910 in a 5-mile radius.