6410 W Johns Crossing
Duluth, GA 30097
Walgreens Absolute Net Atlanta MSA 7.25 CAP · Retail Property For Sale

Existing financing is assumable allowing for a safe and simple closing process for a buyer. Current debt is set to mature in 2024 and has a current balance of $3,083,566 at an 4.58% interest rate. Current monthly debt service is $17,489 and cash flow after debt service is $11,710 monthly or $140,520 annually allowing for a 8.00% cash on cash return. The loan is 100% non-recourse and there is a 1% assumption fee payable by the buyer. We are pleased to present for sale the opportunity to acquire the Walgreens property located in Johns Creek, GA. This lease has ±8.5 years remaining and operates on an absolute net lease basis with 10 (5-year) options to extend. 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 9,800 locations. Emory Johns Creek Hospital is located about 0.5 miles west of the subject property. This 110-bed, all private room community hospital has a medical staff of 600 doctors in 43 specialties and a 30-bed emergency room. There are approximately 15 different medical offices and clinics within the immediate surrounding area of the subject property including Piedmont Orthopedics of Atlanta, Pandya Medical Center, Nile Women's Health Care, Children's Medical Group of Johns Creek and various others. The subject property is located within Technology Park John Creek, a master planned 1,900-acre community that includes over 1.5 million square feet of office space, 4.5 million square feet of office and industrial, 500 acres of parks and public space and over 2,500 residential units. The next large hub of retail, office and industrial space is over 7 miles away. Located in area with ±182,782 residents and an affluent average household income of $143,680 within a 5-mile radius. The property is located just one block south of the intersection of Peachtree Parkway (±44,000 VPD) and McGinnis Ferry Road (±35,000 VPD) with a combined traffic count of ±79,000 vehicles per day. Interstate 85 is located 9 miles southeast of the subject property with traffic counts of ±165,000 vehicles per day. The subject property is located in a suburb 30 miles southeast of downtown Atlanta, Georgia and is part of the Atlanta Metropolitan Statistical Area. This MSA is the largest in the state of Georgia and the ninth largest in the United States with over 6.5 million residents.