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31432830
31432831

7935 Tara Blvd, Jonesboro, GA 30236

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$3,648,000
79 days on market
Updated 3 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,981
Cap Rate 6.5%
NOI $237,120
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2038
Remaining Term 11.7
Rent Bumps Yes
Lease Options 12, 5-Year
Price per SqFt $244
Year Built 2005
Buildings 1
Stories 1
Acreage 1.370
Zoning Commercial
Parking Spaces 54 per unit
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/23/2023
Ground Lease No

Signalized Corner Intersection | Absolute Net Lease | Desirable Lease Term | Long Operating History

Investment highlights

• Signalized corner intersection | Tara Blvd & Hwy 138 | 70,000 VPD combined | Great visibility & access

• Absolute net lease | No landlord responsibilities

• Desirable lease term | 12.5 years remaining

• Corporate lease | Walgreen Co. | 8,886 locations nationwide

• Outparcel to Jonesboro Corners Shopping Center | 67K SF of retail space

• Located inside of dense retail corridor | 2.7M SF within a 2-mile radius

• Long operating history | Leased since 2005

• Large parcel | 1.37 acres

• Steady population growth within 5 miles | 13.71% from ’10-‘25

• Attractive population density within a 5-mile radius | 188,983 residents

• Large industrial presence nearby bringing in a large number of daytime workers to the area | 4.6M SF of space within a 2-mile radius

• 10 minutes from Southern Regional Medical Center | 331 beds

• 6 miles from Clayton State | 5,300 students

• 2 miles from Jonesboro High School | 1,535 students

• 9 miles from Hartsfield-Jackson Atlanta International Airport | 2,700 flights per day

• Close proximity to one of the top performing Kroger’s | Ranks in the 78th percentile nationwide via Placer.ai

• Nearby destination retailers: Walmart Supercenter, Costco, Sam’s Club, Publix, Kroger, ALDI, Lidl, Home Depot, Lowe’s, LongHorn Steakhouse, Chili’s, IHOP, Waffle House, Steak ‘n Shake, McDonald’s, Chick-fil-A, Pizza Hut, Domino’s, Dunkin, Burger King, Wendy’s, KFC, Arby’s, Cook Out, Bojangles, Take 5 Oil Change, Take 5 Car Wash, QuikTrip, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$237,120.00
$19,760.00/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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GB CommercialGeneral CommercialGeneral Business
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Last updated Feb 2, 2026 For deeper zoning details, reports are available at Zoneomics

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