Drug Store
Walgreens
3188 Hwy 278 NE, Covington, GA 30014
Listing Price: $7,103,000
Investment Overview
Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health and wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The company is headquartered in the Chicago suburb of Deerfield, Illinois.
As the largest city in Newton County, Covington serves as the retail and commercial hub for the area. The Covington area also encompasses a diverse industry mix, including Bio/Tech, film/music/gaming, advanced manufacturing, and aviation.
Walgreens
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Over 12 Years Remaining on Lease Term and Multiple Renewal Options
- Corporate Guaranty by Walgreens, the Largest Drug Retailing Chain in the U.S.
- 50,502 Residents within a Five-Mile Radius - Growing Trade Area in the Atlanta MSA
- Hard Corner Location, Accessible by Over 45,000 Combined Cars per Day via US Highway 278 and Elm Street NE
- Less than One Mile from Piedmont Newton Hospital, a 107-Bed Facility Staffed by Over 800 Employees and Over 500 Physicians
- Highly Visible and Easily Accessible Location Along US Highway 278
- One Mile Off Interstate 20, Providing a Direct Route to Atlanta
- Located Along a Dense Retail Corridor Just North of Downtown Covington - Notable Retailers Include Kroger, Planet Fitness, Ross, and Ace Hardware
Listing Price: $7,103,000
Investment Highlights
- Absolute Triple-Net (NNN) Lease with Over 12 Years Remaining on Lease Term and Multiple Renewal Options
- Corporate Guaranty by Walgreens, the Largest Drug Retailing Chain in the U.S.
- 50,502 Residents within a Five-Mile Radius - Growing Trade Area in the Atlanta MSA
- Hard Corner Location, Accessible by Over 45,000 Combined Cars per Day via US Highway 278 and Elm Street NE
- Less than One Mile from Piedmont Newton Hospital, a 107-Bed Facility Staffed by Over 800 Employees and Over 500 Physicians
- Highly Visible and Easily Accessible Location Along US Highway 278
- One Mile Off Interstate 20, Providing a Direct Route to Atlanta
- Located Along a Dense Retail Corridor Just North of Downtown Covington - Notable Retailers Include Kroger, Planet Fitness, Ross, and Ace Hardware
Investment Overview
Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health and wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The company is headquartered in the Chicago suburb of Deerfield, Illinois. As the largest city in Newton County, Covington serves as the retail and commercial hub for the area. The Covington area also encompasses a diverse industry mix, including Bio/Tech, film/music/gaming, advanced manufacturing, and aviation.
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