2000 Veterans Blvd Dublin, GA 31021

Property Details for 2000 Veterans Blvd

Year built

2002

Construction

CONCRETE

Lot size

1.46 lot acres

Property size

14,553 SF

Zone code

COMMERCIAL

Property type

Drug stores

APN

D04A-050

APU

D04A050

Description

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.

Location Insight

City

Dublin

County

Laurens

State

Georgia

Longitude

-82.9477

Latitude

32.5405

CBSA code

20140

CBSA name

DUBLIN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments