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Drug Store

ABSOLUTE NNN WALGREENS IN ATLANTA METRO

3658 Roswell Rd NW, Atlanta, GA 30342

Listing Price: $13,428,570

Cap Rate
4.90%
Tenant Name
Walgreens
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
12,982
Lease Type
Absolute Net
Rent Per Square Feet
$50.69

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in build-to-suit Walgreens with Drive-Thru, absolute net leased investment located at 3658 Roswell Rd NW, Atlanta, GA (the “Property”). Built in 2007, subject to a 25-year lease expiring 7/31/2032, the Property comprises a +/- 12,982 SF building on a highly visible +/- 0.63-acre parcel, that is strategically positioned on Roswell Road Northeast with 27,921 vehicles per day at the intersection of Roswell Road NE and Blackland Road NW surrounded by retail, residential and other commercial development. The Property benefits from its highly visible location with a drive-thru, easy accessibility, and convenient location in a strong destination shopping, commercial and residential area located in the Atlanta GA MSA. The population within 5 miles of the subject is over 289,000 people, the average household income within five miles of subject is over $157,103 with over 140,000 households.

Investment Highlights

  • Subject is a Trophy 12,982 Square-Foot Build-to-Suit Walgreens Drugstore on a Highly Visible 0.63-Acre Hard Corner Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking, Built 2007
  • Extremely Strong Location for Prime Infill, Absolute NNN Lease with Zero Landlord Responsibilities & Five, Ten-Year Options | Would Rank Among Top in theNation In Terms of Reported Sales Per SQFT
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Credit Rating of Baa2 (Stable) from Moody's and an Investment Grade Rating of BBB (Stable) from S&P
  • Strategic Location at Powerful Intersection of Three Major Arterial Thoroughfares with Combined ADT of 73,000 Vehicles per Day | Situated on Roswell Road Northeast (27,921 VPD), Blackland Road Northwest (7,373 VPD), and Piedmont Road Northeast (37,601 VPD) (Source: CoStar 2020 Estimates)
  • Subject is Located in an Affluent Suburban Community | Over 289,300 Residents Live in Approximately 140,500 Households with an Average Household Income of $157,100 within Five Miles of the Subject Asset, as of 2021 Estimates

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Drug Store

ABSOLUTE NNN WALGREENS IN ATLANTA METRO

Listing Price: $13,428,570

Cap Rate
4.90%
Tenant Name
Walgreens
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
12,982
Lease Type
Absolute Net
Rent Per Square Feet
$50.69

Investment Highlights

  • Subject is a Trophy 12,982 Square-Foot Build-to-Suit Walgreens Drugstore on a Highly Visible 0.63-Acre Hard Corner Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking, Built 2007
  • Extremely Strong Location for Prime Infill, Absolute NNN Lease with Zero Landlord Responsibilities & Five, Ten-Year Options | Would Rank Among Top in theNation In Terms of Reported Sales Per SQFT
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Credit Rating of Baa2 (Stable) from Moody's and an Investment Grade Rating of BBB (Stable) from S&P
  • Strategic Location at Powerful Intersection of Three Major Arterial Thoroughfares with Combined ADT of 73,000 Vehicles per Day | Situated on Roswell Road Northeast (27,921 VPD), Blackland Road Northwest (7,373 VPD), and Piedmont Road Northeast (37,601 VPD) (Source: CoStar 2020 Estimates)
  • Subject is Located in an Affluent Suburban Community | Over 289,300 Residents Live in Approximately 140,500 Households with an Average Household Income of $157,100 within Five Miles of the Subject Asset, as of 2021 Estimates

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in build-to-suit Walgreens with Drive-Thru, absolute net leased investment located at 3658 Roswell Rd NW, Atlanta, GA (the “Property”). Built in 2007, subject to a 25-year lease expiring 7/31/2032, the Property comprises a +/- 12,982 SF building on a highly visible +/- 0.63-acre parcel, that is strategically positioned on Roswell Road Northeast with 27,921 vehicles per day at the intersection of Roswell Road NE and Blackland Road NW surrounded by retail, residential and other commercial development. The Property benefits from its highly visible location with a drive-thru, easy accessibility, and convenient location in a strong destination shopping, commercial and residential area located in the Atlanta GA MSA. The population within 5 miles of the subject is over 289,000 people, the average household income within five miles of subject is over $157,103 with over 140,000 households.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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