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Property profile & analytics
OFF-MARKET
Drug stores

668 Main St Thomson, GA 30824

14,472 SF 1.63 ac lot Built 2008
Property ID
US22-0032011
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drug stores
Year built 2008
Total area 14,472 SF
Lot 1.63 ac (71,003 SF)
UPID US22-0032011
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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