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Walgreens NNN sale 613 Northside Dr E 14,748 SF Retail Building Statesboro, GA 30458 $3,575,000 ($242.41/SF) 9.69% Cap Rate
Investment Highlights
- 4 Years firm term remaining on initial lease term, with options through 2080
- 2.4 Miles from GA Southern University - 26,000 students
- Surrounded by national retailers including Lowe's, TJ Maxx, Walmart, Starbucks, Chick Fil A, Planet Fitness, and more
- High Visibility Signalized Pin Corner Location on mayor thoroughfare
- 2 miles from East Georgia Regional Hospital - major employer
- Historically strong store performance, sales available
Executive Summary
This 14,748 sf Walgreens on 1.65 acres in Statesboro, GA benefits from a high traffic corridor with retail growth, just over 2 miles to the Georgia Southern University campus, now with 30,000 student enrollment, as well as East Georgia Regional Hospital. Surrounded by national retailers including Lowe's, TJ Maxx, Walmart, Starbucks, Chick Fil A, Planet Fitness, Longhorn Steaks, Aldi, Hobby Lobby and many more.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$346,500
|
$23.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$346,500
|
$23.49
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $346,500 |
| Annual Per SF | $23.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $346,500 |
| Annual Per SF | $23.49 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,748 SF
Building Class
B
Year Built
2005
Price
$3,575,000
Price Per SF
$242.41
Cap Rate
9.69%
NOI
$346,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.65 AC
Opportunity Zone
Yes
Zoning
CR - Commercial
Frontage
207’ on Northside Dr E
Amenities
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MS72000001B000 | Improvements Assessment | $577,160 (2025) |
| Land Assessment | $464,120 (2025) | Total Assessment | $1,041,280 (2025) |
Property Taxes
Parcel Number
MS72000001B000
Land Assessment
$464,120 (2025)
Improvements Assessment
$577,160 (2025)
Total Assessment
$1,041,280 (2025)
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