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

Access Offering Memorandum

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
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Download Offering Memorandum

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