Drug Store
Walgreens | 9 Years Firm Term Remaining | Absolute NNN Lease | Next to Burke Health Hospital
400 S Liberty St, Waynesboro (Augusta MSA), GA 30830
Listing Price: $4,200,000
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 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 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
Drug Store
Walgreens | 9 Years Firm Term Remaining | Absolute NNN Lease | Next to Burke Health Hospital
Listing Price: $4,200,000
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 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 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.