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27075613

876 Big A Rd, Toccoa, GA 30577

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC
$4,125,000
259 days on market
Updated 148 days ago

Walgreens

Details
APN T36-109
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 14,550
Cap Rate 8.00%
NOI $330,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 03/31/2034
Remaining Term 8
Rent Bumps No
Lease Options 50, 1-year options
Year Built 2008
Buildings 1
Stories 1
Acreage 1.360
Parking Spaces 52 spaces
Parking Per SqFt 3.57
Lease Commencement 03/16/2009
Occupancy Date 03/16/2009
Ground Lease No
Ownership Fee Simple

Atlanta MSA Absolute NNN | 8+ Yrs Term | 150-Unit Heritage Rise Under Construction

Marketing description

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Walgreens property located at 876 Big A Road in Toccoa, Georgia ("the Property"). The Property consists of a 14,550-square-foot building situated on 1.36 acres, constructed in 2008. Walgreens has operated at this location since 2009 and is currently bound by an absolute NNN lease with zero landlord responsibilities, providing for a completely passive investment. The lease has no rental increases and is set to expire March 31, 2034, offering more than eight years of remaining term.

Toccoa serves as the county seat of Stephens County and a primary retail hub for the surrounding region. Positioned along Big A Road, one of the city’s most heavily trafficked commercial corridors, the Property benefits from visibility to more than 25,000 vehicles per day and proximity to key national retailers including Walmart Supercenter, Home Depot, Tractor Supply, and Marshalls. The city’s strategic location in Northeast Georgia offers convenient access to Interstate 85, connecting the area to major markets such as Atlanta, Greenville, and Charlotte. The surrounding trade area is home to more than 19,400 residents within five miles, with average household incomes exceeding $70,700 and projected to grow at an annual rate of 1.58% through 2030, supporting strong consumer spending and sustained retail demand.

Investment highlights

  • Gold-Standard Retail Validation

  • Residential Expansion Strengthening Long-Term Fundamentals

  • Institutional Anchors Reinforcing Stability

  • I-85 Corridor Connectivity

  • Passive Long-Term Lease Structure

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC

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Loan Amount
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Annual Cash Flow
$330,000.00
$27,500.00/mo

Valuation Metrics

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DSCR
8%
Cap Rate
8%
ROI

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