730 S Lewis St - Drug Store FOR SALE


Metter, GA 30439
$1,495,000 USD
404-368-0747
730 S Lewis St, Metter, GA for Sale
$1,495,000 USD
Drug Store - FOR SALE
1/28
null | 6.77% Cap Rate

730 S Lewis St
Metter, GA 30439


HIGHLIGHTS

  • 5 Year Lease with Four(4), 5 Year Renewal Periods
  • Recent Improvements: Full Roof Replacement in 2019
  • Proven Performance: Operating since 1995
  • Competition: Closest Competitor is over 20 miles away
  • Location: Primes Access off Interstate-16
  • Rent Growth: Built-In Rental Increases Throughout Option Periods

OVERVIEW

TriCore Commercial Real Estate is pleased to present the opportunity to acquire a single-tenant Walgreens NNN investment located at 730 S Lewis Street in Metter, Georgia. This ±11,235 SF retail asset is strategically positioned on a hard, signalized corner along Hwy 23 just off Interstate 16, offering excellent visibility and accessibility in a key South Georgia corridor. The property is 100% leased to Walgreens, a nationally recognized credit tenant with a long-standing operating history at this location since 1995, providing stable and predictable cash flow. The asset features a NNN lease structure, allowing for passive ownership with minimal landlord responsibilities (roof and structure only). The current lease term runs through June 2031, with four (4) additional 5-year renewal options, offering long-term income security and built-in rental growth. Situated on approximately 1.75 acres with ample parking, the property serves as a dominant retail presence in the market, with limited nearby competition (nearest competitor over 20 miles away). The site benefits from strong local traffic patterns and proximity to I-16, making it a critical retail node for the surrounding trade area. Recent capital improvements include a full roof replacement (2019), reducing near-term capital expenditure risk. Offered at $1,495,000, the investment provides an attractive in-place cap rate of approximately 6.7%, with scheduled rent increases driving future yield. This offering represents a compelling opportunity to acquire a stabilized, income-producing retail asset backed by a nationally recognized tenant in a supply-constrained market, ideal for 1031 exchange buyers or investors seeking long-term passive income.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

6.77%

% 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

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

HOC

APN/PARCEL ID

M47-022-001

ASK ABOUT THIS PROPERTY

Ryan RamseurTRiCORE Commercial Real EstateMore Info
404-368-0747

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Ryan RamseurTRiCORE Commercial Real EstateMore Info
404-368-0747

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