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WALGREENS I LOW PRICE POINT I LIMITED COMPETITION

120 Curry St NE, Pelham, GA 31779

Listing Price: $360,000

Cap Rate
10.00%
Tenant Name
Walgreens
Years Remaining On Lease
1.1
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.50

Investment Overview

Walgreens I Low Price Point I Limited Competition

Investment Highlights

  • Passive Income --- Double Net (NN) Walgreens Located on a Heavily Trafficked Section of Curry Street with 6,400 Vehicles Passing Daily
  • Lease Term --- Lease Features Over 1 Year Remaining in the Current Option with One Remaining 5-Year Option Featuring an 11 Percent Rent Increase to Hedge Against Inflation
  • Active Retail Corridor --- Subject Property is Surrounded by Many of the Nation's Most Successful Retailers Including Piggly Wiggly, IGA, Hardee's, and Citgo, Among Others
  • Limited Competition --- Walgreens Benefits from Being the Only Freestanding National Drugstore Within a 10-Mile Radius

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Discount

WALGREENS I LOW PRICE POINT I LIMITED COMPETITION

Listing Price: $360,000

Cap Rate
10.00%
Tenant Name
Walgreens
Years Remaining On Lease
1.1
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.50

Investment Highlights

  • Passive Income --- Double Net (NN) Walgreens Located on a Heavily Trafficked Section of Curry Street with 6,400 Vehicles Passing Daily
  • Lease Term --- Lease Features Over 1 Year Remaining in the Current Option with One Remaining 5-Year Option Featuring an 11 Percent Rent Increase to Hedge Against Inflation
  • Active Retail Corridor --- Subject Property is Surrounded by Many of the Nation's Most Successful Retailers Including Piggly Wiggly, IGA, Hardee's, and Citgo, Among Others
  • Limited Competition --- Walgreens Benefits from Being the Only Freestanding National Drugstore Within a 10-Mile Radius

Investment Overview

Walgreens I Low Price Point I Limited Competition

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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