Walgreens 730 S Lewis St 11,180 SF Retail Building Metter, GA 30439 $1,399,000 ($125.13/SF) 7.23% Cap Rate

TriCore Commercial Real Estate is pleased to present the opportunity to acquire a single-tenant Walgreens NNN investment located at 730 S Lewis Street in Metter, Georgia. This ±11,235 SF retail asset is strategically positioned on a hard, signalized corner along Hwy 23 just off Interstate 16, offering excellent visibility and accessibility in a key South Georgia corridor.
The property is 100% leased to Walgreens, a nationally recognized credit tenant with a long-standing operating history at this location since 1995, providing stable and predictable cash flow.
The asset features a NNN lease structure, allowing for passive ownership with minimal landlord responsibilities (roof and structure only). The current lease term runs through June 2031, with four (4) additional 5-year renewal options, offering long-term income security and built-in rental growth.
Situated on approximately 1.75 acres with ample parking, the property serves as a dominant retail presence in the market, with limited nearby competition (nearest competitor over 20 miles away). The site benefits from strong local traffic patterns and proximity to I-16, making it a critical retail node for the surrounding trade area.
Recent capital improvements include a full roof replacement (2019), reducing near-term capital expenditure risk.
Offered at $1,495,000, the investment provides an attractive in-place cap rate of approximately 6.7%, with scheduled rent increases driving future yield.
This offering represents a compelling opportunity to acquire a stabilized, income-producing retail asset backed by a nationally recognized tenant in a supply-constrained market, ideal for 1031 exchange buyers or investors seeking long-term passive income.