Walgreens

405 S Hill Street, Griffin, GA
Deal Type:
Net Lease
Price:
$2,011,911
Cap Rate:
6.75%
Current Rent:
$135,804
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date:
Approx. 6.5 years
Renewal Options:
6 x 5 Year Options
Building Sq. Ft.:
11,220 SF
Site Size:
.99 Acres

Investment Highlights

  • Rare opportunity to acquire a Walgreens at a low basis ($180/SF)The tenant has a 20% rent increase coming in 2027
  • The property is located in downtown Griffin, GA and less than 2 blocks from Wellstar Spalding Regional Hospital
  • The tenant signed a 10 year lease extension in 2017, showing their long term commitment to this location
  • The Landlord replaced the roof in 2017 which shall provide the future landlord with limited ongoing maintenance

Listing Agents

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to Connor@stream-cp.com.

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      I approve of the NDA

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






      View All Listings