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405 S Hill St
Griffin, GA 30224

$2,403,616 USD

Drugstore For Sale  •  11,220 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 11,220 SF
  • Lot Size 0.99 AC
  • Building Class C
  • Year Built 1997
  • Cap Rate 5.65 %
  • Tenancy Single
  • Zoning 02
0 Transit Score
67 Walk Score

Highlights

LOW PRICE POINT WALGREENS INVESTMENT - Rare opportunity to acquire a Walgreens at a low basis.
CORPORATE CREDIT RATED TENANT - Corporately Guaranteed Lease by Walgreens Boots Alliance (WBA) is a publicly traded company with a BBB- Credit Rating.
SITE COMMITMENT - The tenant signed a 10 year lease extension in 2017, showing their long term commitment to this location.
LARGE FUTURE RENTAL INCREASE - There is a 20% rental increase available in 2027
MINIMAL LANDLORD RESPONSIBILITY - NN Lease with Landlord responsible for roof and structure only. The Landlord replaced the roof in 2017.
ATLANTA, GA MSA - Griffin is part of the Atlanta Georgia MSA, home to the #1 Busiest Airport in the World and the 9th largest Economy in the US.

Property Flyers

Cap Rate: 5.65 %

Public Transportation

AirportDriveWalkDistance
Hartsfield - Jackson Atlanta International 51 min - 31.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Paul Matusik 714-875-2400 Prime Net Lease
Paul Matusik 714-875-2400 Prime Net Lease