Property History
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 2414 Sylvester Road in Albany, Georgia. The offering is 14,820 SF and sits atop 3.54 acres at the signalized intersection of Sylvester Road (US-82) and Johnson Road, collectively seeing over 37,100 VPD. The subject property is located just four miles from downtown Albany, a key regional city in the southwest corner of Georgia.
Walgreens executed a long-term Abs NNN lease with rent commencing in January 2008. Primary lease term for Walgreens expires 1/31/2033. Walgreens lease is corporately guaranteed and calls for no landlord responsibilities.
ZERO LANDLORD RESPONSIBILITIES - Absolute NNN lease affords zero landlord responsibilities and a completely passive investment
EXCELLENT VISIBILITY& REGIONAL ACCESS -The asset benefits from its location at the signalized intersection of Johnson Road and Sylvester Road, which sees 29,925 Vehicles Per Day, combined
INVESTMENT GRADE TENANT - The lease is corporately guaranteed by Walgreens, Co. Walgreens (S&P: BB-)has over 9,000 locations across the US
7+ YEARS OF TERM REMAINING - Walgreens has operated at this site since 2008 and features over 7 years of primary term remaining
Property sits on a highly desirable 3.54 AC parcel at a signalized intersection seeing more than 23,700 vehicles per day
COMMITMENT: 9+ Years Remaining on the lease term.
INVESTMENT GRADE CREDIT: Walgreens is rated BBB by S&P providing long term security.
HIGH VISIBILITY STORE: Marine Corps Logistics Base Albany - 2,500+ Military or Employees (0.5 Miles South); Molson Coors Albany Brewery - 490+ Employees producing roughly 7M barrels a year (1 Mile North); Albany State University - 12,500+ Students (2.4 Miles West)
STRONG RETAIL TRADE AREA: Neighboring retailers include Walmart, Autozone, McDonald’s, Hardee’s, Burger King and KFC
SOUTHEAST SUNBELT TRADE AREA: Job growth, weather, and economic stability are key drivers in YOY Population Growth
DRIVE-THRU PHARMACY: This serves as a convenience for customers picking up prescription medication
Loan History
Financial History
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Ownership Information
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Comparable Properties
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