Drug Store
Walgreens | Long Term Absolute NNN Lease | 5% Increases
409 S Columbia Ave, Rincon, GA 31326
Listing Price: $4,572,857
Cap Rate
7.00%
Tenant Name
Walgreen Co.
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
14,525
Lease Type
Absolute Net
Rent Per Square Feet
$22.04
Investment Overview
See full marketing materials for details.
Walgreens | Long Term Absolute NNN Lease | 5% Increases
Investment Highlights
- Long Term Absolute NNN Lease with no landlord maintenance responsibilities
- 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
- Situated on a Lowe's Outparcel and across from a Walmart Supercenter on Rincon's main retail corridor
- $86,611 Average Household Income within a 1-mile radius that increases to $95,236 within a 5-mile radius
- Excellent Visibility on a signalized hard corner with average daily traffic counts of 31,012 VPD
- Well-Established Retail Location with over 17 years of operational history
Drug Store
Walgreens | Long Term Absolute NNN Lease | 5% Increases
Listing Price: $4,572,857
Cap Rate
7.00%
Tenant Name
Walgreen Co.
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
14,525
Lease Type
Absolute Net
Rent Per Square Feet
$22.04
Investment Highlights
- Long Term Absolute NNN Lease with no landlord maintenance responsibilities
- 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
- Situated on a Lowe's Outparcel and across from a Walmart Supercenter on Rincon's main retail corridor
- $86,611 Average Household Income within a 1-mile radius that increases to $95,236 within a 5-mile radius
- Excellent Visibility on a signalized hard corner with average daily traffic counts of 31,012 VPD
- Well-Established Retail Location with over 17 years of operational history
Investment Overview
See full marketing materials for details.
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