Walgreens Investment Offering -Decatur, GA

Retail-Commercial for Sale
Catylist Listing ID: 30773282
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related
Building Size (RSF): 12,800 SF
Gross Building Area: See Agent
Sale Price: $4,725,000
Unit Price: $369.14 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 6.35%
Average Occupancy Rate: 100
Last Updated: 12/1/2021

Overview / Comments

Qualified investors are extended the opportunity to acquire a 100.0% fee simple interest in a premier hard corner Walgreens located in Snapfinger trade area of Decatur (Atlanta MSA), GA. Walgreens recently extended their lease with contractual term through March 31, 2027 affirming the tenant’s commitment to this site following the Rite Aid acquisition.

The Snapfinger trade area services all the surrounding neighborhoods that include over 68,000 people within a 3-mile radius of the site with an Average Household Income of $71,000. Strategically positioned at the heavily trafficked intersection of Flat Shoals Parkway and Wesley Chapel Road, the site offers excellent visibility and access to 40,000 VPD. Immediate area retailers include Publix, Kroger, Aldi, Starbucks, among others.

Attachments & Media

Current Tenants

Tenant Business Name Walgreens
Website URL www.walgreens.com
Industry Type Health Care and Social Assistance
Is Renting? Yes
Year Founded 1901
SF of Space Occupied 12,800 SF

Additional Details

Nearest MSA: Atlanta-Sandy Springs-Alpharetta
County: DeKalb
Tax ID/APN: 15 061 01 004
Zoning: C1
Retail Clientele: General, Family, Traveler, Other
Property Located Between: Wesley Chapel Road & Flat Shoals Parkway
Property Visibility: Excellent
Largest Nearby Street: Wesley Chapel Road
Traffic/Vehicle Count: 20,253
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,800 SF
Year Built: 2001
Construction/Siding: Brick
Total Parking Spaces: 62
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,781 75,511 198,275
Median Age: 40.21 36.29 36.13
Households: 3,270 27,556 72,211

Contact

Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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