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Walgreens (Subleased to Popshelf) 961 Highway 20 81 14,660 SF Retail Building McDonough, GA 30253 $4,040,000 ($275.58/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Signalized, Hard Corner Intersection | High Traffic Area | Excellent Visibility & Access | Drive-Thru Equipped
- McDonough Marketplace | South Point Shopping Center
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The Walgreens is currently subleased to Popshelf and has over 3 years of term remaining
• The asset is located at the signalized, hard-corner intersection of Industrial Blvd and Highway 81, with an average of 22,400 VPD, providing multiple points of egress and ingress
• The site benefits from excellent visibility from a major thoroughfare and access to Interstate 75, which sees 147,000 VPD, increasing consumer traffic
• The asset is located at the signalized, hard-corner intersection of Industrial Blvd and Highway 81, with an average of 22,400 VPD, providing multiple points of egress and ingress
• The site benefits from excellent visibility from a major thoroughfare and access to Interstate 75, which sees 147,000 VPD, increasing consumer traffic
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,660 SF
Building Class
C
Year Built
2004
Price
$4,040,000
Price Per SF
$275.58
Cap Rate
9%
NOI
$363,607
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.69 AC
Zoning
C2 - Central Commercial District
Parking
63 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0093-01-012-002 | Improvements Assessment | $447,320 |
| Land Assessment | $432,680 | Total Assessment | $880,000 |
PROPERTY TAXES
Parcel Number
0093-01-012-002
Land Assessment
$432,680
Improvements Assessment
$447,320
Total Assessment
$880,000
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Walgreens (Subleased to Popshelf) | 961 Highway 20 81
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