11509 Abercorn St - Drug Store FOR SALE


Savannah, GA 31419- Windsor Forest
$5,292,350 USD
847-562-8500
11509 Abercorn St, Savannah, GA for Sale
$5,292,350 USD
Drug Store - FOR SALE
1/3
null | 6% Cap Rate

11509 Abercorn St
Savannah, GA 31419
Windsor Forest


HIGHLIGHTS

  • Savannah is the 5th largest city in Georgia with 150,000 residents
  • Successful operating history spanning multiple decades
  • Long-term lease through February 2038
  • Absolute NNN lease – no landlord responsibilities
  • 5% rental escalations every five years (next in 2028)
  • Located at a signalized intersection along Abercorn Street (52,000 VPD)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Savannah, Georgia. Walgreens has successfully operated from this location since 2000. In 2023, Walgreens executed a new long-term lease through February 2038, demonstrating commitment to the site. There are 5% rental escalations every ?ve years throughout the primary term and twelve 5-year renewal options. The lease is absolute triple net and presents no landlord responsibilities. The 15,607 square-foot building is strategically positioned at a signalized intersection along Abercorn Street, one of Savannah’s primary commercial corridors carrying 52,000 vehicles per day. The site bene?ts from a dense retail environment anchored by nationally recognized tenants including Lowe’s, The Home Depot, Publix, Hobby Lobby, Target, Walmart, and ALDI, among many others. Key institutional demand drivers include Georgia Southern University – Armstrong campus with approximately 3,000 students, Saint Joseph’s Hospital, a 330-bed medical facility, and Windsor Forest High School, all generating consistent daily traffic to the area. The property also enjoys close proximity to Hunter Army Air?eld, home to 5,500 active-duty personnel and part of the broader Fort Stewart–Hunter AAF installation, which employs over 25,500 and contributes an estimated $4.9 billion in regional economic impact. The surrounding trade area is supported by more than 82,000 residents within a ?ve-mile radius, with average household incomes exceeding $88,000. Walgreens is an American pharmacy and retail chain founded in 1901 in Chicago, Illinois, starting as a single drugstore on the city’s South Side that emphasized quality prescriptions, customer service, and innovations like the malted milkshake. Over the decades, it expanded rapidly across the United States, becoming the second-largest pharmacy chain with approximately 8,100 stores nationwide as of 2026, offering prescription services, health and wellness products, photo services, and everyday essentials.

FOR SALE DETAILS

PRICE

$5,292,350 USD

PRICE/SF

$375 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,296 SF

ZONING

BN

APN/PARCEL ID

2075510010

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.