Walgreens | 8.01% Cap Rate | 7 Years Remaining
Walgreens NNN Investment – Thomson, GA | 7.71% Cap Rate | 7 Years Remaining + 10 Extension Options
Marketing description
Walgreens NNN Investment – Thomson, GA | 7.71% Cap Rate | 7 Years Remaining + 10 Extension Options
Exceptional single-tenant NNN opportunity featuring a corporate-backed Walgreens pharmacy located at 668 Main St, Thomson, GA 30824. This 14,472 SF freestanding retail building was constructed in 2008 to institutional standards and sits on a 1.63-acre lot with 59 parking spaces. Zoned B-1, the property offers excellent visibility and traffic exposure along Main Street in the heart of Thomson, the county seat of McDuffie County and part of the Augusta-Richmond County MSA.
The property is priced at $4,000,000 with a $308,500 Net Operating Income, delivering a 7.71% cap rate. The lease is absolute NNN with the tenant responsible for taxes, insurance, roof, and structure. The primary term has approximately 7 years remaining (expiration 09/30/2033) with 10 additional five-year renewal options.
Walgreens provides a rock-solid national credit tenant with thousands of locations nationwide and a long history of operating in strong secondary markets like Thomson. The site is surrounded by complementary retail (Dollar General, Dollar Tree, CVS, AutoZone, and more) and benefits from steady local demographics and daily traffic. This is a true turnkey, hands-off investment with immediate cash flow, long-term lease security, and built-in upside from the extensive renewal options.
Investment highlights
Investment Highlights
- $4,000,000 purchase price | $308,500 NOI | 7.71% cap rate
- Absolute NNN lease – tenant pays taxes, insurance, roof & structure
- 7 years remaining on primary term (exp. 09/30/2033)
- 10 five-year renewal options (50 potential additional years)
- 14,472 SF freestanding building built in 2008
- 1.63 acres with 59 parking spaces
- Prime Main Street location with high visibility and accessibility
- Strong national credit tenant – Walgreens (WBA)
- Zoned B-1 for flexible retail/commercial use
- Excellent surrounding retail synergy and daily customer traffic
- Favorable demographics supporting long-term pharmacy demand
- Turnkey, low-maintenance asset with immediate income and future appreciation potential
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