Walgreens NNN Retail
For Sale
Contact for pricing
101 US Highway 31 N, Athens, AL 35611
Multi-property retail portfolio leased on an absolute NNN basis to Walgreens with long-term contractual occupancy.
Property Size334,492 SF
Days on Market145
Property Features for 101 US Highway 31 N
General Information
Standard status
Active
Size
334,492 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Buildings
23
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 1:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
This portfolio comprises 23 retail properties totaling 334,492 square feet and is leased to Walgreens under an absolute NNN structure. The primary lease term runs 15 years, with 5.0% rent increases scheduled at the beginning of lease years six and eleven, followed by 12 renewal options of five years each.
The assets are positioned at hard-corner locations, with an average daily traffic count of nearly 30,000 vehicles and an average projected five-year population increase exceeding 5%. The portfolio is concentrated in Florida, Illinois, and Texas, representing 32%, 12%, and 9% of NOI, respectively.
The assets are positioned at hard-corner locations, with an average daily traffic count of nearly 30,000 vehicles and an average projected five-year population increase exceeding 5%. The portfolio is concentrated in Florida, Illinois, and Texas, representing 32%, 12%, and 9% of NOI, respectively.
Key Highlights
- 23 Walgreens retail properties totaling 334,492 square feet
- Absolute NNN leases with a 15‑year primary term
- 5.0% rental escalations at the onset of lease years 6 and 11
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
168k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 26%
Groceries 20%
Beauty & Spa 2%
Publix
Groceries
33,219 visits/mo
0.1 miles
McDonald's
Dining
28,434 visits/mo
0.1 miles
Circle K
Shops & Services
23,142 visits/mo
0.3 miles
Starbucks
Dining
16,216 visits/mo
0.2 miles
Dollar General
Shops & Services
11,645 visits/mo
0.4 miles
Demographics for 35611, AL
27,168
Population
13,709
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
81%
High-School Grad
115.1 sq mi
ZIP Area
236
Density / Sq Mi
$54,606
Median Household Income
$38,872
Median Earnings
$796
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Multi-property retail portfolio leased on an absolute NNN basis to Walgreens with long-term contractual occupancy.
Where is this nnn property located?
The property is located at 101 US Highway 31 N Athens, AL.
What are key features of this property?
This property features: 23 Walgreens retail properties totaling 334,492 square feet; Absolute NNN leases with a 15‑year primary term; 5.0% rental escalations at the onset of lease years 6 and 11
