Listed by Pharma Property Group
$2,250,000
Dark Walgreens | Abs NNN | ±61K VPD
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,828
Cap Rate 15.78%
NOI $355,000
Tenancy Vacant
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 10/31/2027
Remaining Term 1.3
Price per SqFt $152
Broker Co-Op Yes
Year Built 2002
Acreage 1.650
Zoning C-4 (Highway Commercial District)
Parking Spaces 64 spaces
Parking per 1,000 SqFt 4.32
Investment Type Net Lease
Ground Lease No
Retail | 15.78% CAP | 14,828 SqFt
Marketing description
Listed in conjunction with Brian Brockman, Bang Realty - Georgia Inc, 513-898-1551, [email protected], GA DRE Lic. 378952.
Investment highlights
- Walgreens will continue paying rent through October 31 of 2027 ($502,917 Remaining Rent).
- Up to 80% loan-to-value allows a purchaser to possibly put down approximately $500,000 for the acquisition. Lender does not require new third-party reports, minimizing acquisition costs. Contact broker for further loan terms and interest rates.
- Absolute NNN Lease, Walgreens is responsible for all building and property expenses.
- Situated at the intersection of Gray Highway and Shurling Drive with combined traffic counts of 60,900 VPD.
- With construction slated to begin Summer of 2026, the new Macon arena will replace the current Macon Coliseum 1.5 Mi S of the property and will be designed to host events such as tradeshows, concerts, and conferences.
Listing Contacts
Listed by Pharma Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$355,000.00
$29,583.33/mo
Valuation Metrics
0
DSCR
15.78%
Cap Rate
15.78%
ROI
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