2000 Veterans Blvd - Drug Store FOR SALE


Dublin, GA 31021
$3,785,590 USD
2000 Veterans Blvd, Dublin, GA for Sale
$3,785,590 USD
Drug Store - FOR SALE
1/5
null | 8.05% Cap Rate

2000 Veterans Blvd
Dublin, GA 31021


HIGHLIGHTS

  • Located within the Macon MSA
  • Recently executed renewal option with no landlord concession
  • NNN - No landlord responsibilities
  • Walgreens has been operating at this store since 2002 demonstrating their commitment to the location
  • Positioned at the corner of Hillcrest Pkwy (13,500 VPD) and Veterans Blvd (US-80) (12,500 VPD)
  • 25,982 people live within ?ve miles of the property earning an average annual household income of $62,000

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Macon MSA in Dublin, Georgia. The Walgreens lease has over 3 years remaining on the primary term with three 5-year renewal options. The lease is triple net with zero landlord responsibilities. The tenant has been at this location since 2002 and recently executed the first renewal option with no concession which demonstrates their commitment to the site. The 14,553 square foot building benefits from its location at the intersection of Hillcrest Pkwy and Veterans Blvd (US-80) with a combined vehicle count of 25,000 vehicles per day. The property is less than three miles from the heart of downtown Dublin and the surrounding retail corridor with tenants such as Walmart, OfficeMax, Home Depot, Kroger, AMC Theaters, TJ Maxx, McDonald’s, Starbucks, AutoZone, Dairy Queen, and more The property is within one mile of the Carl Vinson VA Medical Center (350 beds) as well as Fairview Park Hospital (190 beds). There are 25,982 people living within five miles of the property earning an average annual household income of $62,000. The Walgreens property is also surrounded by a number of residential neighborhoods providing a solid customer base. The Walgreens lease expires on 1/22/2028 and features three 5-year renewal options. Walgreens is the largest drug retailing chain in the United States. Walgreens operates approximately 9,277 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its Omni channel business, Walgreens.com.

FOR SALE DETAILS

PRICE

$3,785,590 USD

PRICE/SF

$260 USD /SF

CAP RATE

8.05%

% 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

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

002

APN/PARCEL ID

D04A-050

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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