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Property profile & analytics
OFF-MARKET Estimated value $1,790,000
Drug stores

2000 Veterans Blvd Dublin, GA 31021-3030

14,553 SF 1.46 ac lot Built 2002
Entity Owned ~ Est. High Equity
Property ID
US22-3691492
Property summary
AI-generated overview

This exceptional investment opportunity presents a 14,553-square-foot Walgreens, situated on a 1.46-acre lot in Dublin, Georgia. Built in 2003, the property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $304,740. The Walgreens lease, a triple-net (NNN) agreement with corporate guarantee, features a remaining term of approximately 3.2 years, followed by three 5-year renewal options with rent bumps of $6,912 each. The property enjoys 100% occupancy since its opening in July 2003. Its prime location at the intersection of Hillcrest Pkwy and Veterans Blvd (US-80), a high-traffic area with a combined 25,000 vehicles per day, ensures excellent visibility and accessibility. The surrounding area includes a robust retail corridor featuring major national brands like Walmart, Home Depot, and Kroger, along with significant medical facilities such as the Carl Vinson VA Medical Center and Fairview Park Hospital, within a mile radius. A strong residential population of 25,982 people within a five-mile radius, with an average annual household income of $62,000, provides a solid customer base for the Walgreens store. The asking price is $4,353,429, translating to $299.14 per square foot. This is a rare opportunity to acquire a well-established, high-performing Walgreens property with a long-term lease and significant upside potential.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2002
Construction CONCRETE
Total area 14,553 SF
Lot 1.46 ac (63,598 SF)
Zoning code COMMERCIAL
APN D04A-050
UPID US22-3691492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • higi Physician
  • FedEx OnSite Postal Service Courier Service
  • James B. Monk Jr, RPh Pharmacy
  • Sara Barr, PA Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.79M
Owner & transaction history
DUBLIN DRUGSTORE 1 LLC WALGREEN
DUBLIN DRUGSTORE 1 LLC WALGREEN
Zoning & alternative use
COMMERCIAL · Dublin, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.0M +59.5%
Auto repair, garage $1.8M +41.7%
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