Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Physician
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Postal Service Courier Service
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Pharmacy
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Dublin, GAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for COMMERCIAL in Dublin, GA.
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