668 Main St Thomson, GA 30824
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 668 Main Street, Thomson, Georgia 30824. The property, built in 2008, encompasses 14,472 square feet on a 1.63-acre lot and includes 59 parking spaces. The building is a single-story structure operating under a Net Lease (NNN) agreement with a corporate guarantee from Walgreens. The current lease, commencing September 30, 2008, has a remaining term of approximately 8.9 years, with 10 (5) year renewal options extending to September 30, 2033. The asking price is $4,500,000, representing a price per square foot of $310.95 and a 6.86% cap rate based on a Net Operating Income (NOI) of $308,500. The property enjoys 100% occupancy and benefits from a high-traffic location on Main Street, experiencing over 20,000 vehicles per day. The average household income within a 5-mile radius exceeds $72,000 annually. This turnkey investment offers minimal landlord responsibilities and significant long-term potential. The property's prime location and strong tenant ensure a stable and attractive return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.