Views: 0 DOM: 31 Updated: 11.29.23 Posted: 11.10.23 Status: Active


Price $3,542,608
Built/Renov 2006
Tenant Walgreens
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,379
Lease Start 01-01-2024
#Units 8,896
Price/SF $246.37
Expiration 12-31-2039
Tenant Type Pharmacy
NOI $203,700
R. Term 16.0
Ownership Fee Simple
Rent/SF $14.17
Increases 5.0%/5/yrs
Pop 5Mi 39,811
Lot/AC 1.47
Options 12/5yrs/5%
AHHI 5Mi $65,632

Lease Highlights

  • Walgreens recently signed a brand new 15-year lease with 12 (5-year) options to extend
  • Lease features 5% rental increases eery 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)

Location Description

Walgreens is strategically located at the signalized intersection of Lafayette Pkwy and N. Lewis Rd., which see a combined 34,000+ vehicles passing by daily. The property benefits from a strong academic presence, with LaGrange High School and Franklin Forest Elementary School (combined enrollment of over 1,900 students), both located within a one-mile radius. Additionally, it surrounded by...



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  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • # Units:8,896
  • Stock:NASDAQ: WBA

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,476 29,846 40,684
2023 Total Population : 6,325 29,531 40,194
2023 Employed Civilian Pop : 2,679 12,893 17,681
2023 Total Businesses : 621 1,568 1,897
2023 Average Household Income : $ 55,783 $ 62,187 $ 70,323
2023 Total Consumer Spending : $ 120 M $ 628 M $ 950 M
2023 Median Age : 35 36 37
2023 Total Households : 2,446 11,512 15,447
2023 Pop Age 25+: Bachelor's Degree : 333 2,338 3,832
2023 Average Home Value : $ 171,245 $ 217,609 $ 242,749
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Vernon Street Harris St 2021 14,200 0.04 mi
Broad Street Church St 2021 6,710 0.11 mi
Bull Street E Broome St 2021 2,000 0.11 mi
S Greenwood St Margarite St 2005 6,170 0.16 mi
Broad St Trinity St 2005 9,400 0.18 mi
Greenville Street Morgan St 2021 7,420 0.18 mi
Main Street E Broome St 2021 1,370 0.20 mi
South Greenwood Street Margarite St 2021 5,510 0.24 mi
Church Street W Haralson St 2021 2,750 0.25 mi
Hamilton Road Frank Tigner Pl 2021 1,530 0.27 mi

Listing Broker

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