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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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