Drug Store

Dark Rite Aid East Point

3055 Washington Rd, East Point, GA 30344

Listing Price: $1,750,000

Cap Rate
8.90%
Tenant Name
Walgreens
Years Remaining On Lease
1.00
Gross SF
10,594
Guarantor
Corporate Guarantee
Rentable SF
10,594
Price/Gross SF
$165.19
Lease Type
Absolute Net
Rent Per Square Feet
$14.70

Investment Overview

The subject investment opportunity is an Absolute Net, freestanding retail property leased to Walgreens (BBB Credit). While the tenant has vacated the building, there are 1.5 years remaining on the lease, during which Walgreens continues to be responsible for all costs including insurance, taxes, CAM, roof and structure. The 10,594 SF building was constructed in 1997, and sits on an 1.56 acre tract. This property has 105 parking spots, 2 curb cuts, 1 pylon sign and a double drive thru. The property is listed both For Sale and For Lease.

Investment Highlights

  • $233K in BBB Corp Guaranteed Income + 10,594 Building + 1.56 AC Hard Corner
  • 5.74% Population Growth (5-Mile, 2019-2024)
  • Density: 5-Mile Population (2019): 173,928 | 16 Schools Within 2 Miles
  • Increasing store sales prior to CVS Opening
  • City Need for Food Stores, Auto Sales / Service, and Health / Personal Care Services
  • Largest Food Bank Facility (ACFB) in Nation (345k SF) Opened March 2020

Exclusively Listed By

Financing By

Listing Price: $1,750,000

Cap Rate
8.90%
Tenant Name
Walgreens
Years Remaining On Lease
1.00
Gross SF
10,594
Guarantor
Corporate Guarantee
Rentable SF
10,594
Price/Gross SF
$165.19
Lease Type
Absolute Net
Rent Per Square Feet
$14.70

Investment Highlights

  • $233K in BBB Corp Guaranteed Income + 10,594 Building + 1.56 AC Hard Corner
  • 5.74% Population Growth (5-Mile, 2019-2024)
  • Density: 5-Mile Population (2019): 173,928 | 16 Schools Within 2 Miles
  • Increasing store sales prior to CVS Opening
  • City Need for Food Stores, Auto Sales / Service, and Health / Personal Care Services
  • Largest Food Bank Facility (ACFB) in Nation (345k SF) Opened March 2020

Investment Overview

The subject investment opportunity is an Absolute Net, freestanding retail property leased to Walgreens (BBB Credit). While the tenant has vacated the building, there are 1.5 years remaining on the lease, during which Walgreens continues to be responsible for all costs including insurance, taxes, CAM, roof and structure. The 10,594 SF building was constructed in 1997, and sits on an 1.56 acre tract. This property has 105 parking spots, 2 curb cuts, 1 pylon sign and a double drive thru. The property is listed both For Sale and For Lease.

Exclusively Listed By

Financing By

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