405 S Hill St Griffin, GA 30224
Single-tenant Walgreens with prime location and established customer base.
Type:Retail
Property size:
11,220 SFLot size:
1.00 AcrePrice / SF:
$214/SF- Added:
- Jan 7, 2025
- Days on Market:
- 470
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 405 S Hill St
General Information
- Standard status
- Active
- Size
- 11,220 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agent Paul Matusik License #CA 01351021
Listing office Prime Net Lease
Listing date Jan 7, 2025
Source Crexi
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 Prime Net Lease
Overview
Griffin, GA Walgreens Investment Opportunity
The property is a single-tenant Walgreens located in Griffin, GA. Originally built in 1996 as a build-to-suit for Rite Aid, the 11,220 SF building sits on a parcel of just under 1 acre. In 2017, after Walgreens' acquisition of part of a Rite Aid portfolio, this location was converted to Walgreens, including an interior and exterior remodel. The property is centrally located within the city and has no immediate competition aside from a CVS that is located over 1 mile away. Walgreens is located directly next to Ace Hardware and is near Advance Auto Parts, Lowe's, Kroger, Aldi, Burger King, KFC, McDonald's, Krystal, and Dairy Queen. Wellstar Spalding Regional Medical Center with 160 total beds and Southern Crescent Technical College with over 5,000 students enrolled are nearby. The current NN lease, executed after the remodel in 2017 for 10 years, expires in October 2027, leaving 2.5 years of term remaining. The first 5-year option has a 20% rental increase. The remaining Six, 5-year options each feature 7% rental increases. Walgreens has reached out to Landlord with interest to extend the lease for up to 10-years.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
higi
Physician
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Western Union
Bank
BB&T ATM
Atm
Similar Places Nearby
- Bennett Clyde — 566 S 8th St, Griffin, GA 30224
- Bartlett Crystal B — 566 S 8th St, Griffin, GA 30224
- Charles H. Wynn, RPh — 566 S 8th St, Griffin, GA 30224
- Daryl G. Reynolds, PharmD — 566 S 8th St, Griffin, GA 30224
- Duncan Annette W — 566 S 8th St, Griffin, GA 30224
Location Insight
- Map
- Local Demand
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.264046
- Latitude
- 33.25396
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single-tenant Walgreens with prime location and established customer base.
Where is this drug store located?
The property is located at 405 S Hill St Griffin, GA.
What is the asking price?
The asking price for this property is $2,403,616.
What are key features of this property?
This property features: Established Walgreens location, a primary pharmacy for the Griffin population for 25 years.; Below market price point compared to other Walgreens investments.; Walgreens has expressed interest in extending the lease for up to 10 years.
