Walgreens | Atlanta MSA | Attractive Yield: 8.75% CAP | Affluent Community: $77K HH Income

Agent Info

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

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Offering Information

204 Jonesboro Rd
McDonough, GA 30253

  • Price: $3,975,000
  • Cap. Rate: 8.75%
  • NOI: $347,760
  • Building Size: 15,120SF
  • Lot Size: 1.92 AC

Investment Highlights

  • Double Net Lease Structure | Minimal Landlord Obligations
  • Prototypical Free Standing Building with Drive-Thru
  • Eight (8), 5-Year Options
  • Lease is Corporately Guaranteed by Walgreens Corp. | S&P “BBB”
  • Delivered Free & Clear
  • Combined Traffic Counts at Intersection Exceed 33,020 VPD+/-
  • Within Close Proximity to Henry County High School and Middle School
  • Across the Street From 94,528 SF Kroger Anchored Shopping Center & 80,773 SF Goodwill Multi Tenant Neighborhood Center
  • Average Household Income Within 5 Mile Radius Exceeds $71,378
  • National Tenants Surrounding Property: Kroger, UPS, Pepboys, Chase Bank, Chick Fil A, Goodwill, Waffle House, Dollar Tree, Subway, and more