Walgreens Drug Store with Absolute NNN
For Sale
Contact for pricing
701 Martha Berry Blvd NE, Rome, GA 30165
Corporate-backed pharmacy occupancy is structured as an absolute net lease with no landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 701 Martha Berry Blvd NE
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
48,500 vehicles/day
Road Access
Yes
Additional Details
Asking Price
$5,900,000
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
Listed By:
Jason Pongsrikul · License #CA 01918332
(619) 297-0055
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:42PM
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.
This Walgreens drugstore is leased under an absolute net structure, with no landlord responsibilities identified in the lease arrangement. Approximately 5 years 10 months remain on the current term, followed by 10 (5-year) options to extend. The store operates until midnight daily, while the pharmacy remains open until 11PM Monday through Friday.
The property is positioned in Rome, Georgia, at the intersection of Martha Berry Boulevard and Turner McCall, where the combined traffic count is approximately 48,500 vehicles per day. Floyd Medical Center, a 304-bed full-service hospital, is directly across the street. The surrounding retail corridor includes Walmart, Sam's Club, Lowe's, and Harbor Freight. Shorter University is approximately 0.9 miles west and has about 1,800 students and 380 faculty staff.
The property is positioned in Rome, Georgia, at the intersection of Martha Berry Boulevard and Turner McCall, where the combined traffic count is approximately 48,500 vehicles per day. Floyd Medical Center, a 304-bed full-service hospital, is directly across the street. The surrounding retail corridor includes Walmart, Sam's Club, Lowe's, and Harbor Freight. Shorter University is approximately 0.9 miles west and has about 1,800 students and 380 faculty staff.
Key Highlights
- Walgreens parent corporate guarantees the lease; parent company carries an S&P BBB- investment‑grade rating
- Absolute net lease with no landlord responsibilities
- Approximately 5 years 10 months remaining, plus 10 (5‑year) extension options
Property Analytics
Property Profile
Current Use
Lease Details
48,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
345k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 23%
Groceries 14%
Office Supplies 4%
Chick-fil-A
Dining
48,324 visits/mo
0.4 miles
Publix
Groceries
47,393 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
43,837 visits/mo
0.4 miles
Cook Out
Dining
21,638 visits/mo
0.2 miles
LongHorn Steakhouse
Dining
19,472 visits/mo
0.3 miles
Demographics for 30165, GA
41,943
Population
17,159
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
83%
High-School Grad
167.0 sq mi
ZIP Area
251
Density / Sq Mi
$63,915
Median Household Income
$35,637
Median Earnings
$949
Median Rent
$209,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Corporate-backed pharmacy occupancy is structured as an absolute net lease with no landlord responsibilities.
Where is this drug store located?
The property is located at 701 Martha Berry Blvd NE Rome, GA.
What are key features of this property?
This property features: Walgreens parent corporate guarantees the lease; parent company carries an S&P BBB- investment‑grade rating; Absolute net lease with no landlord responsibilities; Approximately 5 years 10 months remaining, plus 10 (5‑year) extension options
