Listed by Pharma Property Group
$2,350,000
Dark Walgreens | Abs NNN | New Amphitheater (100K Visitors)
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 14,504
Units 1
Cap Rate 16.03%
NOI $376,740
Tenancy Vacant
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 03/31/2028
Remaining Term 1.7
Year Built 2013
Stories 1
Acreage 1.290
Zoning C-1 (Neighborhood Commercial District)
Parking Spaces 61 spaces
Parking per 1,000 SqFt 4.21
Ground Lease No
Retail | 16.03% CAP | 14,504 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 March 31 of 2028 ($690,690 Remaining Rent).
- Up to 80% loan-to-value allows a purchaser to possibly put down approximately $550,000 for the acquisition. Lender does not require new third-party reports, minimizing acquisition costs. Contact broker for further loan terms and interest rates.
- Walgreens is responsible for all building and property expenses.
- Completed in 2024, the 12,000 seat Atrium Health Amphitheater drew in more than 100,000 visitors in its first full year and generated an estimated $20 million in local spending.
- In February 2026, GLPI obtained a $20M, 10‑year option to acquire the former JCPenney site at Macon Mall for a potential casino project, with plans to invest up to $2.5M in demolition and site preparation during the initial five‑year term.
Listing Contacts
Listed by Pharma Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$376,740.00
$31,395.00/mo
Valuation Metrics
0
DSCR
16.03%
Cap Rate
16.03%
ROI
Map
Zoning
C-1 CommercialNeighborhood CommercialNeighborhood Commercial District
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View all 117 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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