3188 HIGHWAY 278 NW Covington GA 30014-2304

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America.

Covington is the county seat of Georgia's Newton County and is part of the Atlanta metropolitan area. The city's thriving downtown is home to boutiques, antique shops, and restaurants. Residents and visitors alike enjoy quiet residential areas, local parades, concerts in the park, and "Christmas in Covington."

» Absolute Triple-Net (NNN) Lease with Over 12 Years Remaining on Lease Term and Multiple Renewal Options

» Corporate Guaranty by Walgreens, the Largest Drug Retailing Chain in the U.S.

» 50,502 Residents within a Five-Mile Radius - Growing Trade Area in the Atlanta MSA

» Hard Corner Location, Accessible by 45,000+ Combined Cars per Day via US Highway 278 and Elm Street NE

» Less Than One Mile from Piedmont Newton Hospital, a 107-Bed Facility Staffed by 800+ Employees and 500+ Physicians

» Highly Visible and Easily Accessible Location Along US Highway 278

» One Mile Off Interstate 20, Providing a Direct Route to Atlanta

» Located Along a Dense Retail Corridor Just North of Downtown Covington - Notable Retailers Include Kroger, Planet Fitness, Ross, and Ace Hardware

» Less Than Two Miles South of Oxford College of Emory University (1,060 Students)

» Average Household Income Exceeds $84,000 in the Surrounding Area

The subject property is comprised of 14,820 square feet, built-in 2012. The building sits on a large 1.8 acre lot located just off Highway 278 NE (±25,900 VPD).

Walgreens operates on an absolute-net group lease backed by a corporate guaranty with 16 years remaining. At the end of the initial term, Walgreens will have fifty, one-year options to extend.

Walgreen Company or simply Walgreens is an American company that operates as the second-largest pharmacy store chain in the United States behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. As of August 31, 2018, the company operated 9,560 stores in all 50 states, the District of Columbia and the US territories of Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois.

• Absolute-Net Lease: 16-Years Remain on the Lease
• Corporate Guaranty (NASDAQ: WBA): Walgreens, Founded in 1901, has ±9,560 Stores and ±258,500 Employees. Fiscal 2021 Sales Increased 8.6% Totaling $132.5 Billion in Revenue.
• High Visibility & Ease of Access: The Property is Well Situated on a Major Retail Corridor with Frontage and Access on Highway 278 which Oversees ±25,900 Vehicles Per Day.
• Less than 1-Mile from Piedmount Newton Hospital: Covington’s Major Hospital and Medical Center, Piedmount Newton has 90-Bed and ±600 Employees.
• Near Area Major High School: Newton County Theme School is Located within Walking Distance of Walgreens and has 982-Students Currently Enrolled.
• Nearby National Tenants: Kroger, Big Lots!, Chipotle, Starbucks, Dairy Queen, Dunkin’ Donuts, Hardee’s, Planet Fitness, Krystals, Popeyes, Wendy’s, Mister Car Wash, McDonalds, and Churchs Chicken to name a few.