1602 Expressway N Griffin, GA 30223
Single-tenant Walgreens with 12 years remaining on NNN lease.
Property size:
14,515 SFProperty Features for 1602 Expressway N
General Information
- Standard status
- Active
- Size
- 14,515 SF
Building Details
- Year built
- 2010
Source:
Crexi
Listing Agency: Forged Real Estate Listing Agent: Marc Mandel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Griffin, GA Walgreens For Sale
This single-tenant Walgreens property is located in Griffin, Georgia, approximately 35 miles south of downtown Atlanta. The property is under a fee simple, triple-net (NNN) lease with approximately 12 years remaining. The lease includes a 5% rental increase in March 2028 and every five years thereafter. The property is positioned at the intersection of N. Expressway (US-41) and McIntosh Road, with a combined traffic count of approximately 49,500 vehicles per day. It features three points of ingress and egress, visibility, and a drive-thru pharmacy. This location ranks in the 72nd percentile of Walgreens stores in Georgia and is supported by retail anchors including a Kroger and Walmart Supercenter. Located within the Atlanta MSA, the property benefits from regional demographics and residential growth, with over 400 new apartment units recently delivered or under development within a three-mile radius. The property size is 14,515 square feet. Walgreens is a drugstore operator, with approximately 8,000 locations nationwide and a presence in healthcare services.
Location Intelligence
Current Use by Public Records
Walgreens
Pharmacy
Walgreens Pharmacy
Pharmacy
Walgreens Photo
(Bike/Boat/Book/etc) Store
Western Union
Bank
FedEx OnSite
Postal Service
Similar Places Nearby
Christopher Wilson, PharmD, GNC, Walmart Pharmacy, Phillip Smith, Sara Khajehei
Location Insight
- Map
- Local Demand
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.290123
- Latitude
- 33.274806
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single-tenant Walgreens with 12 years remaining on NNN lease.
Where is this drug store located?
The property is located at 1602 Expressway N Griffin, GA.
What are key features of this property?
This property features: - Triple-net (NNN) lease with approximately 12 years remaining offers passive, hands-off ownership and a stable income stream.; - 5% rental increase every five years starting in 2028 provides built-in income growth.; - High-traffic location at a signalized intersection of N. Expressway (US-41) and McIntosh Road with approximately 49,500 vehicles per day.
