115 Vernon Street, LaGrange, GA
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
12, 5 year options
Building Sq. Ft.:
14,379 SF
Rent Increases:
5% every 5 years including options
Site Size:
1.47 Acres

Investment Highlights

  • COMMITMENT: 15 year absolute NNN lease structure with zero landlord responsibilities to allow for passive ownership.
  • RENT GROWTH: The leases call for 5% rental increases every five years to provide a strong hedge against inflation.
  • LOCATION: Situated near the signalized intersection of Lafayette Pkwy and US Hwy 27 which has a combined traffic count of 34,000 VPD.
  • PROFITABLE STORE: Strong performing store with $2.9 million in sales volume.
  • INVESTMENT GRADE CREDIT: Walgreens is rated BBB by S&P providing long term security.
  • LARGE ACADEMIC PRESENCE: LaGrange High School and Franklin Forest Elementary School, both located within a One- Mile Radius ~ combined enrollment of over 1,900 students.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Dean Copans, GA – #430314

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