Walgreens NNN
For Sale
Contact for pricing
305 W Main St, Manchester, GA 31816
Corporate drugstore tenancy includes lease extensions, renewal options, and landlord responsibility for the roof and structure.
Property SizeContact for details
Days on Market144
Property Features for 305 W Main St
General Information
Standard status
Active
Property subtype
Retail
Financials
Asking Price
$1,370,000
Cap Rate
7.25%
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 1:50AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
The property is occupied by Walgreens under a NN lease with 9.5 Years of term remaining. Walgreens agreed to a 10-year lease extension, and the remaining five (5-year) options include 5% rent increases. Income is guaranteed by Walgreens corporation, which carries a BBB (S&P) investment grade credit rating.
Landlord responsibility includes the roof and structure. The roof was replaced in 2014 and has a transferable 20-year warranty. The property is located one block from Fifth Avenue Shopping Center, a 44,100 square foot plaza anchored by Family Dollar, SouthCrest Bank, and Subway. A CVS is approximately 0.3 miles northwest, while the nearest other Walgreens property is over 17 miles away.
Landlord responsibility includes the roof and structure. The roof was replaced in 2014 and has a transferable 20-year warranty. The property is located one block from Fifth Avenue Shopping Center, a 44,100 square foot plaza anchored by Family Dollar, SouthCrest Bank, and Subway. A CVS is approximately 0.3 miles northwest, while the nearest other Walgreens property is over 17 miles away.
Key Highlights
- Walgreens occupancy with 9.5 Years of term remaining on a NN lease
- 10‑year lease extension with five (5‑year) options and 5% rent increases
- Income guaranteed by Walgreens corporation; BBB (S&P) investment grade credit rating
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 40%
Groceries 19%
Home Improvements & Furnishings 1%
McDonald's
Dining
12,948 visits/mo
0.1 miles
Circle K
Shops & Services
7,506 visits/mo
0.1 miles
Piggly Wiggly
Groceries
7,312 visits/mo
0.2 miles
Marathon
Shops & Services
3,705 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
2,530 visits/mo
0.4 miles
Demographics for 31816, GA
5,056
Population
2,542
Households
2
Avg Household Size
43
Median Age
14%
College-Educated
90%
High-School Grad
37.5 sq mi
ZIP Area
135
Density / Sq Mi
$51,052
Median Household Income
$45,189
Median Earnings
$904
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate drugstore tenancy includes lease extensions, renewal options, and landlord responsibility for the roof and structure.
Where is this nnn property located?
The property is located at 305 W Main St Manchester, GA.
What are key features of this property?
This property features: Walgreens occupancy with 9.5 Years of term remaining on a NN lease; 10‑year lease extension with five (5‑year) options and 5% rent increases; Income guaranteed by Walgreens corporation; BBB (S&P) investment grade credit rating
