Walgreens - Marietta, GA
Retail | 7.25% CAP | 15,120 SqFt
Marketing description
Colliers International is pleased to offer for sale an opportunity to buy a superior
freestanding Walgreens store in affluent Marietta, GA. This is a single tenant, long-term
lease. Walgreens has a long history operating this location - since 2002. Walgreens has
just renewed for a five-year term, and has multiple five-year renewal options with 5%
increases in each term.
The subject is located in close proximity to I-575 & I-75 in Cobb County, approximately
25 miles northwest of Atlanta, GA at the intersection of Canton Road (31,100 VPD) and
New Chastain Road (19,900 VPD). Walgreens is located within the Town Center Mall
submarket, which is home to the largest concentration of retail stores in Cobb County
with more than 13.1 million square feet, comprised of national anchors including Publix,
Home Depot, Walmart, Target, Office Depot, Macy’s, JC Penney, Belk, PetSmart, Dick’s
Sporting Goods, REI, AMC Theaters, Barnes & Noble, TJ Maxx, HomeGoods, Marshall’s,
Ross Dress for Less, Whole Foods, Kohl’s, Old Navy, Hobby Lobby and many more.
Investment highlights
Premier real estate at the signalized intersection of Canton Road (31,100 VPD) and New Chastain Road (19,200 VPD), both major arterials in Marietta, with convenient access to I-75 and I-575.
Future fixed rent increases at each 5-year option period help offset inflation.
High-quality construction featuring a drive-thru, exceptional visibility, prominent signage, and strong ingress/egress at a signalized corner make the property attractive for a wide range of future uses.
Offered free and clear of existing debt, providing the buyer flexibility to secure new financing at current market terms.
Located within dense, affluent Cobb County demographics, the property offers strong residual real estate value
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