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Drug Store

Walgreens | 9.5+ Years Firm Term Remaining | Absolute NNN Lease | Next to Burke Health Hospital

400 S Liberty St, Waynesboro (Augusta MSA), GA 30830

Listing Price: $4,800,000

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
13,650
Lease Type
Absolute Net
Rent Per Square Feet
$24.62

Investment Overview

The subject offering is a long-term leased Walgreens Pharmacy located Waynesboro, Georgia just outside Augusta. The Property's current lease has 9.5+ years of firm lease term remaining on its original lease and fifty, one-year renewal options thereafter. The offering presents an ideal investment for a Buyer seeking a best-in-class investment-grade corporate tenant ranked #18 in the Fortune 500.

The subject site is located at the intersection of South Liberty Street and Manau Street which experiences approximately 14,000 vehicles-per-day and surrounded by various national retailers. Retailers in the immediate area include: Walmart, Huddle House, CVS, Subway, Dairy Queen, Zaxby’s, McDonald’s, Tractor Supply, Dollar Tree and more. The Property is also located across the street from Burke Health Community Hospital, a short-term, acute care hospital that specializes in orthopedic and cardiology. The hospital is comprised of 40 beds and has generated approximately $82 million in total patient revenue. Constructed in 2010 on a 1.48 acre lot, this is an opportunity to acquire a well-positioned passive, cash flowing investment property backed by one of the largest health & pharmacy organizations in the world with an attractive yield in a market within the Augusta, Georgia MSA.

Investment Highlights

  • Passive Lease Structure – Tenant Responsible for CAM, Taxes, Insurance and Roof and Structure
  • Highly Visible, Signalized Intersection that Experiences Approximately 14,000 Vehicles Per Day
  • Surrounded by Various National Retailers: Walmart, Huddle House, Subway, Zaxby's, McDonald's, Tractor Supply and Dollar Tree
  • Long Lease Term Remaining: 9.5+ Years Left on Original Lease with Fifty, One-Year Options to Renew
  • Located Across Burke Health Community Hospital
  • Investment-Grade Credit Tenant: NYSE (WBA) BBB Rating and Ranked #18 by Fortune 500

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Drug Store

Walgreens | 9.5+ Years Firm Term Remaining | Absolute NNN Lease | Next to Burke Health Hospital

Listing Price: $4,800,000

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
13,650
Lease Type
Absolute Net
Rent Per Square Feet
$24.62

Investment Highlights

  • Passive Lease Structure – Tenant Responsible for CAM, Taxes, Insurance and Roof and Structure
  • Highly Visible, Signalized Intersection that Experiences Approximately 14,000 Vehicles Per Day
  • Surrounded by Various National Retailers: Walmart, Huddle House, Subway, Zaxby's, McDonald's, Tractor Supply and Dollar Tree
  • Long Lease Term Remaining: 9.5+ Years Left on Original Lease with Fifty, One-Year Options to Renew
  • Located Across Burke Health Community Hospital
  • Investment-Grade Credit Tenant: NYSE (WBA) BBB Rating and Ranked #18 by Fortune 500

Investment Overview

The subject offering is a long-term leased Walgreens Pharmacy located Waynesboro, Georgia just outside Augusta. The Property's current lease has 9.5+ years of firm lease term remaining on its original lease and fifty, one-year renewal options thereafter. The offering presents an ideal investment for a Buyer seeking a best-in-class investment-grade corporate tenant ranked #18 in the Fortune 500. The subject site is located at the intersection of South Liberty Street and Manau Street which experiences approximately 14,000 vehicles-per-day and surrounded by various national retailers. Retailers in the immediate area include: Walmart, Huddle House, CVS, Subway, Dairy Queen, Zaxby’s, McDonald’s, Tractor Supply, Dollar Tree and more. The Property is also located across the street from Burke Health Community Hospital, a short-term, acute care hospital that specializes in orthopedic and cardiology. The hospital is comprised of 40 beds and has generated approximately $82 million in total patient revenue. Constructed in 2010 on a 1.48 acre lot, this is an opportunity to acquire a well-positioned passive, cash flowing investment property backed by one of the largest health & pharmacy organizations in the world with an attractive yield in a market within the Augusta, Georgia MSA.

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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