2 W Main St - Drug Store FOR SALE


Claxton, GA 30417
$1,644,000 USD
214-560-6900
2 W Main St, Claxton, GA for Sale
$1,644,000 USD
Drug Store - FOR SALE
1/8
null | 8.75% Cap Rate

2 W Main St
Claxton, GA 30417


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Drive-Thru Equipped | Established Operator
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Signalized, Hard Corner | Excellent Frontage & Visibility | Located Near National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Walgreens Corporate Guaranteed Lease • The property is drive-thru equipped, offering added customer convenience and supporting future redevelopment potential • Over 1 year remaining, with six (5-year) option periods to extend, and $1/SF/YR rental increases at the beginning of each option period, increasing the NOI and hedging against inflation • The tenant has operated at this location since 1997, demonstrating the tenant’s commitment to the site

FOR SALE DETAILS

PRICE

$1,644,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

CBD

APN/PARCEL ID

C23-127

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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