Walgreens | Albany, GA | $2.82M
Retail | 9.15% CAP | 14,820 SqFt
Marketing description
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.
Investment highlights
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
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