668 Main St Thomson, GA 30824
- Drug stores
- 14,472 SF
- 1.63 lot acres
Current Use by Public Records
- Drug stores
Property Details for 668 Main St
- Year built
- 2008
- Lot size
- 1.63 lot acres
- Property size
- 14,472 SF
- Property type
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thomson
- County
- McDuffie
- State
- Georgia
- Longitude
- -82.5045698
- Latitude
- 33.483573
