Commercial Real Estate Georgia

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EXCLUSIVE LISTING

Walgreens

Jonesboro, GA (Atlanta MSA) 

INVESTMENT HIGHLIGHTS

  • Corporately guaranteed by Walgreens | Investment grade tenant (NYSE: WAG | S&P: BBB)
  • Tenant has gone dark, but has ~ 4 years remaining on their lease and is still paying rent through the end of the term | Fantastic re-position and value-add opportunity
  • NN lease with minimal landlord responsibilities limited to roof & structure | Drive-thru equipped
  • Located at the signalized, hard corner intersection of Walt Stephens Road & Stockbridge Road with a combined 23,800 vehicles passing by daily
  • Situated directly across from the on/off ramp for State Highway 138 (16,800 VPD) |Excellent visibility and access with significant amounts of street and highway frontage
  • 2 miles west of the Clayton County International Park, a major attraction for the city of Jonesboro
  • Close proximity to national/credit tenants that include ALDI, Kroger, Advance Auto Parts, Dollar General, CVS Pharmacy, Family Dollar and more | Increases consumer draw and promotes crossover shopping to the area 
  • 5-mile trade area is supported by a population with more than 174,000 residents and over 45,000 employees ($60,800 AHHI) | Part of the Atlanta MSA - located 17 miles north of site

PRICE: $2,200,000 | CAP RATE: 6.82%

EXCLUSIVELY MARKETED BY

Dan Elliot

Senior Vice President
National Net Lease Group

dan.elliot@srsre.com

DL: 312.279.5342 | M: 312.972.7978

IL License #475144985

Sean Lutz

Senior Vice President
National Net Lease Group

sean.lutz@srsre.com

DL: 312.279.5345 | M: 312.437.8598

IL License #475132482

Broker of Record: Giles Stevens | GA License No. 275518

SRSRE.COM  |  LINKEDIN  |  TWITTER  |  FACEBOOK

 

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