Properties

Walgreens

12075 GA-92 Woodstock, GA

Property Information

Tenant

Walgreens

Price

$4,282,292

Cap Rate

6.50%

Lease Type

Absolute Net

Square Feet

11366

Status

Available

About the property

SAB is pleased to present Walgreens in Woodstock, GA. It is a triple net lease where the tenant is responsible for all operating expenses, for an additional 5 years. Walgreens exercised their first option, which demonstrates a commitment to the location. The lease also includes three more five – year options with 2% rent increases in each. This provides a hedge against inflation. The lease is corporately guaranteed by Walgreens with a strong S&P: BBB Credit Rating. Pharmacies have been deemed an essential service during the COVID – 19 pandemics. This ensures that stores will remain open during uncertain times. The subject property is highly visible from the intersection of GA – 92 and Trickum Rd. Combined there are more than 54,100 Vehicles Per Day. The asset is also located in an excellent retail corridor adjacent to Walmart, Publix, and Kroger. Woodstock is an extremely high growth market 30 miles north of Atlanta.

  • Walgreens in Woodstock, GA | 30 Miles North of Atlanta

  • Triple Net Lease (NNN) |  Zero Landlord Responsibilities

  • Strong Corporate Guaranty | S&P: BBB

  • High Growth Market | Resident Population Increased 22% Since 2010 Within a 3 Mile Radius

  • Strong Local Demographics | Average Household Income Greater Than $119,900 Within a 5 Mile Radius

  • Ideally Located Along the Hard Signalized Corner of GA-92 and Trickum Rd | Combined More Than 54,100 Vehicles Per Day (VPD)

  • Adjacent to Walmart, Publix Super Market and Kroger

  • 2 Miles from Woodstock Community Village | Planned $365 Million Dollar Development | 800 Units of Residential, 200,000 SF of Retail and 50,000 SF of Office Space

  • Additional Retail in the Area Includes:  Sam’s Club, ALDI, Autozone Auto Parts, McDonald’s, Panda Express, Bojangles, Sonic Drive-In, Starbucks and Many More

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