EXCLUSIVE LISTING
Walgreens
Jonesboro, GA (Atlanta MSA)
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- 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
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PRICE: $2,200,000 | CAP RATE: 6.82%
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Dan Elliot
Senior Vice President
National Net Lease Group
dan.elliot@srsre.com
DL: 312.279.5342 | M: 312.972.7978
IL License #475144985
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Sean Lutz
Senior Vice President
National Net Lease Group
sean.lutz@srsre.com
DL: 312.279.5345 | M: 312.437.8598
IL License #475132482
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Broker of Record: Giles Stevens | GA License No. 275518
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